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...