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Award of tender for residential site at Serangoon North Avenue 1

  Published: 02 August 2017

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Serangoon North Avenue 1 to Corson Pte. Ltd. and Wingjoy Investment Pte. Ltd. The consortium submitted the highest bid in the tender for the site.

The site was launched for public tender on 30 May 2017. The tender for the site closed on 27 July 2017. The land parcel was offered for sale on a 99-year lease term.  

Details of the awarded land parcel 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)
Serangoon North Avenue 1
Residential 17,189.1 m2 42,973 m2 Corson Pte. Ltd. and Wingjoy Investment Pte. Ltd. $446,280,000.00
($10,385.13)

 

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