The Urban Redevelopment Authority (URA) closed the tender for the residential with 1st storey commercial site at Tai Thong Crescent today after receiving a total of 8 bids.
The highest bidder for the 99-year lease site is Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd at S$245 million.
The site at Tai Thong Crescent was launched for sale by public tender on 30 July 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 11 July 2012, accepted a successful application for the site to be put up for sale.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated.