URA launches 2 property sites for tender today

One is a 0.27ha residential site at Farrer drive and the other, a 0.82 ha commercial site at Tai Tong Crescent.

The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Road and another residential with 1st storey commercial site at Tai Thong Crescent (Parcel C) for sale by public tender today.

The sites were made available for sale through the Reserve List system on 30 Apr 2012 and 15 May 2012, respectively.

On 11 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Tai Thong Crescent (Parcel C) for public tender at a bid price of not less than $154,474,200.

On 18 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Farrer Road for public tender at a bid price of not less than $28,888,000.

Land Parcel at Tai Thong Crescent (Parcel C)

With a land area of about 0.82 ha, the residential with 1st storey commercial site is expected to generate a gross floor area of about 28,702 m2. The land parcel is located near Potong Pasir MRT Station and is well connected to major arterial roads and expressways such as Upper Serangoon Road, Pan-Island, Expressway (PIE), Central Expressway (CTE) and Kallang Paya-Lebar Expressway(KPE).

Land Parcel at Farrer Road

With a land area of about 0.27 ha, the residential site is expected to generate a gross floor area of about 3,839 m2. The land parcel is located near Botanic Gardens MRT Station and is well connected to major arterial roads and expressways such as Bukit Timah Road, Dunearn Road, Farrer Road and Pan-Island Expressway (PIE).

The tender for the residential site at Farrer Road and the residential with 1st storey commercial site at Tai Thong Crescent (Parcel C) will close at 12 noon on 28 August 2012 and 6 September 2012 respectively. Selection of the successful tenderer will be based on the tendered land price only.

Any tender below the minimum bid price of $28,888,000 for the Farrer Road site and $154,474,200 for the Tai Thong Crescent (Parcel C) site will not be considered.

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