Residential site at Alexandra View up for grabs

It's worth at least $223m.

According to a release, Urban Redevelopment Authority has launched the residential site at Alexandra View for sale by public tender.

The land parcel was made available for sale through the Reserve List system on 26 September 2012. On 23 October 2012, URA announced that it had received an application from a developer to put up the land parcel for tender.

The developer has committed to bid at a price of not less than $222,898,000 for the land parcel in the public tender.

With a site area of about 0.65 ha, the residential site will have a maximum permissible gross floor area (GFA) of 31,857 sqm.

Located within an established residential estate in the central region, the future residential development is a short drive away from the Central Business District, Orchard Road, Marina Bay and the Southern Waterfront area where VivoCity and Sentosa are located.

Residents of the future development will also enjoy convenient access to all parts of the island via the nearby Redhill MRT station.

The tender for the site will close at 12 noon on 11 December 2012. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $222,898,000 will not be considered.

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