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Urban Redevelopment Authority (URA)
Press Releases

Tender Award for URA sale site at Faber Walk

26 November 2024

1.  The Urban Redevelopment Authority (URA) has awarded the tender for the site at Faber Walk to the highest tenderer, GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd.

2.  The site at Faber Walk was launched for tender on 12 September 2024. The tender for the site closed on 19 November 2024. The site was offered for sale on a 99-year lease term. 

3.  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)

Faber Walk

Residential

25,795.4 m² 

36,114 m²

GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd.

$349,857,988.00
($9,687.60)

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