Sims Avenue

Sims Avenue site tender closes

The tender of a commercial site at Sims Avenue / Tanjong Katong Road closed on Tuesday with only one bid - a joint tender by UOL Group and Singapore Land for S$529 million. The 99-year lease site was launched by the Urban Redevelopment Authority (URA) on July 26 and has a maximum permissible gross floor area of 86,918 square metres. The tender price translates to about S$565.74 psf of gross floor area...

URA releases 2 commercial sites

The Urban Redevelopment Authority (URA) released two commercial sites under the Reserve List of the Government Land Sales Programme yesterday. The first - a 2.07 hectare 99-year leasehold site at the junction of Sims Avenue and Tanjong Katong Road - can yield about 87,000 sq m of gross floor area and is slated to be a mixed-use development comprising office, hotel and retail uses. The URA said at least...

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