The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tanah Merah Kechil Road to Fragrance Group Limited and World Class Land Pte Ltd.
The companies submitted the highest bid in the tender for the site at S$285.215 million. This also translates to S$676 per square foot per plot ratio (psf ppr).
The tender for the residential site was launched on 20 June 2012 and closed on 31 July 2012. The land parcel was offered for sale on a 99-year lease term.