The Urban Redevelopment Authority (URA) on Tuesday received nine bids at the close of the tender for a food and beverage site located at Punggol Point. Mainboard-listed property developer Fragrance Group submitted the highest bid of S$11.4 million, which translates to about S$3,790 per square metre of Gross Floor Area (GFA). This was 33 per cent higher than the second highest bid of S$8.6 million...
Punggol Point
The Urban Redevelopment Authority (URA) launched the food & beverage site at Punggol Point for sale by public tender today. Punggol Point has been envisioned as a rustic coastal recreation destination with activities and attractions to enhance its unique waterfront location. With the opening of Punggol Promenade, Punggol Point Park and the North-Eastern Park Connector Network, Punggol Point today is a...
Recreational facilities at Punggol Point are shaping up, following the opening of Punggol Point Walk last year. Operations at the site are set to begin as soon as it receives its temporary occupation permit. The 2.9-hectare site took about S$4 million to develop. The site comprises a horse-riding centre with over 60 stables. It will be themed a cow-boy town, and will feature 30 chalets, a retail shop,...