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
|13,398.6 m²||Fantasia Investment (Singapore) Pte Ltd, Sun Renwang and Yang Xinping||$75,800,000