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Award of Tender for URA Sites at Jalan Bunga Rampai and Irwell Bank Road

  Published: 14 January 2020

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Jalan Bunga Rampai and Irwell Bank Road to Wee Hur Development Pte Ltd and CDL Perseus Pte. Ltd. respectively.


The companies submitted the highest bids in the tenders for the 2 sites.


The sites at Jalan Bunga Rampai and Irwell Bank Road were launched for tender on 29 August 2019 and 31 October 2019 respectively. The tenders for these sites closed on 9 January 2020. 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
 Jalan Bunga Rampai  Residential  4,666.6 m2  9,800 m2  Wee Hur Development Pte Ltd $93,390,000
($9,529.59)
Irwell Bank Road 12,786.5 m2 35,803 m2 CDL Perseus Pte. Ltd. $583,888,000
($16,308.35)

 

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