Award of tender for residential site at Lorong 1 Realty Park

By   /  June 18, 2017  /  Comments Off on Award of tender for residential site at Lorong 1 Realty Park

    Print       Email

MIL OSI

Source: Asia Pacific Region 2 – Singapore

Headline: Award of tender for residential site at Lorong 1 Realty Park

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Lorong 1 Realty Park to Fantasia Investment (Singapore) Pte Ltd, Sun Renwang and Yang Xinping.  The three parties jointly submitted the highest bid in the tender for the site.

The site was launched for public tender on 20 April 2017.  The tender for the site closed on 1 June 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 SUCCESSFUL TENDERER TENDERED PRICE
($PSM of SITE AREA)
Lorong 1 Realty Park Residential
(Landed)
13,398.6 m² Fantasia Investment (Singapore) Pte Ltd, Sun Renwang and Yang Xinping $75,800,000
($5,657.31)
    Print       Email