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Award of Tender for URA Sites at Tan Quee Lan Street, Bernam Street and one-north Gateway

  Published: 12 September 2019

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Tan Quee Lan Street, Bernam Street and one-north Gateway to the three entities, namely GLL D Pte. Ltd., Intrepid Investments Pte. Ltd. & Hong Realty (Private) Limited; HY Realty Pte. Ltd.; and TID Residential Pte. Ltd. respectively.

The companies submitted the highest bids in the tenders for the three sites.

The sites at Tan Quee Lan Street, Bernam Street and one-north Gateway were launched for tender on 29 March 2019, 30 May 2019 and 27 June 2019 respectively. The tenders for these sites closed on 5 September 2019. The land parcels were offered for sale on 99-year lease terms.

Details of the awarded land parcels and the successful tenderers are provided below:

LOCATION

ALLOWABLE DEVELOPMENT

SITE AREA

MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)

SUCCESSFUL TENDERER

TENDERED PRICE

($PSM of GFA)

Tan Quee Lan Street

Residential with Commercial at 1st Storey

11,530.8 m2

48,430 m2

GLL D Pte. Ltd., Intrepid Investments Pte. Ltd. and Hong Realty (Private) Limited

 

$800,190,000

($16,522.61)

Bernam Street

3,846.2 m2

28,001 m2

HY Realty Pte. Ltd.

 

$440,900,000

($15,745.87)

one-north Gateway

5,778.7 m2

14,447 m2

TID Residential Pte. Ltd.

$155,738,074

($10,779.96)

 

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