The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Tan Quee Lan Street, Bernam Street and one-north Gateway to the three entities, namely GLL D Pte. Ltd., Intrepid Investments Pte. Ltd. & Hong Realty (Private) Limited; HY Realty Pte. Ltd.; and TID Residential Pte. Ltd. respectively.
The companies submitted the highest bids in the tenders for the three sites.
The sites at Tan Quee Lan Street, Bernam Street and one-north Gateway were launched for tender on 29 March 2019, 30 May 2019 and 27 June 2019 respectively. The tenders for these sites closed on 5 September 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)
Tan Quee Lan Street
Residential with Commercial at 1st Storey
11,530.8 m2
48,430 m2
GLL D Pte. Ltd., Intrepid Investments Pte. Ltd. and Hong Realty (Private) Limited
$800,190,000
($16,522.61)
Bernam Street
3,846.2 m2
28,001 m2
HY Realty Pte. Ltd.
$440,900,000
($15,745.87)
one-north Gateway
5,778.7 m2
14,447 m2
TID Residential Pte. Ltd.
$155,738,074
($10,779.96)