Press Releases
Tender award for URA sale site at Kallang Close
10 April 2026
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1 The Urban Redevelopment Authority has awarded the tender for the site at Kallang Close to the highest tenderer, Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd.
2 The site at Kallang Close was launched for tender on 8 December 2025. The tender for the site closed on 7 April 2026. 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) |
|---|---|---|---|---|---|
Kallang Close | Residential | 11,456.3 m² | 40,098 m² | Frasers Property Phoenix Pte. Ltd. and MJR Investment Pte. Ltd. | $610,750,000.00 |