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Urban Redevelopment Authority (URA)
Press Releases

Award of tender for URA sale site at Jalan Tembusu

10 August 2023

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Jalan Tembusu to the highest tenderer, Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd.

The site at Jalan Tembusu was launched for tender on 14 March 2023. The tender for the site closed on 18 July 2023. The site was offered for sale on a 99-year lease term. 

Details of the awarded site and the successful tenderer are provided below:


Table caption

LOCATION

 ALLOWABLE DEVELOPMENT

 SITE AREA

MAXIMUM
PERMISSIBLE
GROSS FLOOR
AREA (GFA) 

 SUCCESSFUL TENDERER

TENDERED PRICE
($PSM of GFA) 

Jalan Tembusu

Residential 

20,572.1 m2

72,003 m2

Sim Lian Land Pte Ltd
and Sim Lian
Development Pte Ltd

 $828,800,000
($11,510.63)