Jelebu Rd site tender closed

The Urban Redevelopment Authority (URA) has closed the tender for the commercial and residential site at Jelebu Road/Petir Road.

The 1.89-hectare site attracted a total of 10 bids, with the top bid of S$492.8 million coming from Sim Lian Land and Sim Lian Development.

URA said the rest of the bids for the 99-year leasehold plot ranged between S$445.2 million and S$250 million.

Located adjacent to the existing Bukit Panjang LRT station and the upcoming Bukit Panjang MRT Station, the land parcel is expected to be an attractive mixed-use development, with retail, F&B and residential uses.

The future development will also be integrated with a bus interchange, which will provide seamless access to public transportation.

URA said in order to provide more commercial facilities within Bukit Panjang Town, at least 19,903 square metre of the maximum permissible Gross Floor Area (GFA) for the development must be for commercial uses.

A decision on the award of the tender will be made after the bids have been evaluated.

Source : Channel NewsAsia – 30 2011

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