The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Farrer Road to Far East Soho Pte. Ltd.
The company submitted the highest bid in the tender for the site at $45.777 million or $11,924.20 per square meter of gross floor area (GFA).
With a land area about 0.27 ha, the residential site is expected to generate a GFA of about 3,839m².
Tender for the 99-year lease sitewas launched on 30 July 2012 and closed on 28 August 2012.