Press Releases
Tender award for URA sale site at Peck Hay Road
16 June 2026
1 The Urban Redevelopment Authority has awarded the tender for the site at Peck Hay Road to the highest tenderer, CDL Constellation Pte. Ltd. and Garden Estates (Pte.) Limited.
2 The site at Peck Hay Road was launched for tender on 9 April 2026. The tender for the site closed on 11 June 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:
Details of the awarded site and the successful tenderer
LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE |
|---|---|---|---|---|---|
Peck Hay Road | Residential | 5,513.5 m² | 27,017 m² | CDL Constellation Pte. Ltd. and Garden Estates (Pte.) Limited | $542,400,000.00 ($20,076.25) |