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  4. Award of Tender for Sale Sites at Middle Road and Sims Drive

Award of Tender for Sale Sites at Middle Road and Sims Drive

  Published: 05 April 2019

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Middle Road and Sims Drive to Wingcharm Investment Pte. Ltd. and Intrepid Investments Pte. Ltd. & CDL Constellation Pte. Ltd. respectively. The companies have submitted the highest bids in the tenders for the two sites.

The sites at Middle Road and Sims Drive were launched for tender on 30 November 2018.  The tenders for these sites closed on 28 March 2019. The land parcels were offered for sale on 99-year lease terms. 

Details of the awarded land parcels and the successful tenderers are provided below:

LOCATION

ALLOWABLE DEVELOPMENT

SITE AREA

MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)

SUCCESSFUL TENDERER

TENDERED PRICE

($PSM of GFA)

Middle Road

Residential with Commercial at 1st Storey

7,462.6 m2

31,343 m2

Wingcharm Investment Pte. Ltd.

$491,999,999

($15,697.28)

Sims Drive

Residential

16,225.2 m2

48,676 m2

Intrepid Investments Pte. Ltd. and CDL Constellation Pte. Ltd.

$383,529,936

($7,879.24)

 

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