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Urban Redevelopment Authority (URA)
Press Releases

Tender award for URA sale site at Bayshore Road

28 March 2025

1.  The Urban Redevelopment Authority (URA) has awarded the tender for the site at Bayshore Road to the highest tenderer, Sing-Haiyi Garnet Pte. Ltd.

2.  The site at Bayshore Road was launched for tender on 26 November 2024. The tender for the site closed on 18 March 2025. 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)

Bayshore Road

Residential

10,497.3 m2

44,089 m2

Sing-Haiyi Garnet Pte. Ltd.

$658,888,998.00
($14,944.52)

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