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Urban Redevelopment Authority (URA)
Press Releases

Tender award for URA sale site at Berlayar Drive

7 August 2026

  1. The Urban Redevelopment Authority has awarded the tender for the site at Berlayar Drive to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.

  2. The site at Berlayar Drive was launched for tender on 15 May 2026. The tender for the site closed on 4 August 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:


LOCATION

ALLOWABLE DEVELOPMENT

SITE AREA

MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)

SUCCESSFUL TENDERER

TENDERED PRICE
($PSM of GFA)

Berlayar Drive

Residential

25,263.2 m²

35,369 m²

Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.


$576,778,554.00
($16,307.46)

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