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Urban Redevelopment Authority (URA)
Press Releases

Tender award for URA sale sites at Dairy Farm Walk and Tengah Garden Avenue

21 January 2025

1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at Dairy Farm Walk to SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd., Soon Li Heng Civil Engineering Pte Ltd and Kay Lim Realty Pte. Ltd., and the tender for the site at Tengah Garden Avenue to Intrepid Investments Pte. Ltd., CSC Land Group (Singapore) Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.

2. The tenders for these sites were launched on 13 June 2024, and closed on 14 January 2025. The sites were offered for sale on 99-year lease terms. 

3. Details of the awarded sites and the successful tenderers are provided below:

Table caption

LOCATION

ALLOWABLE
DEVELOPMENT 

SITE AREA

MAXIMUM
PERMISSIBLE
GROSS FLOOR
AREA (GFA) 

SUCCESSFUL TENDERER

TENDERED PRICE
($PSM of GFA)

Dairy Farm Walk

Residential

21,881.1 m²

45,951 m² 

SNC2 Realty Pte. Ltd.,
Apex Asia Alpha Investment Two Pte. Ltd., Soon Li Heng Civil Engineering Pte Ltd and Kay Lim Realty Pte. Ltd.

$504,515,000.00 ($10,979.41)

Tengah Garden Avenue

Residential with Commercial at 1st Storey

25,458.4 m²

76,376 m²

Intrepid Investments Pte. Ltd., CSC Land Group (Singapore) Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.

$675,000,000.00 ($8,837.85) 

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