Award of tender for residential site at Alexandra View

The Urban Redevelopment Authority (URA) has awarded the tender for the residential at Alexandra View to Singland Homes Pte. Ltd.

The company submitted the highest bid in the tender for the site at S$970 per square foot per plot ratio (psf ppr).

This works out to S$332.68 million for a total site area of about 6,501 square metres. Property analysts are estimating the breakeven price to fall between S$1,400 and S$1,450 psf.

Tender for the residential site was launched on 7 November 2012 and closed on 11 December 2012. The land parcel was offered for sale on a 99-year lease term.

COMMENTS