A sales tender for a private residential site at Upper Paya Lebar Road has attracted seven bids, said the Urban Redevelopment Authority (URA) on Tuesday. UOL Overseas Investments submitted the top bid of S$392.3 million for the 99-year leasehold site. The bid was about 3.7 per cent more than the second highest bid of S$378.3 million from EL Development. The lowest bid of about S$205.9 million was...
Upper Paya Lebar
A part of Upper Paya Lebar Road will be widened by 2014 to improve traffic flow between the residential areas in the Northeast, and the industrial parks in Aljunied, Ubi and Eunos. The 1.3-kilometre stretch is between Upper Serangoon Road and Bartley Road. The Land Transport Authority (LTA) said a lane will be added in each direction of the carriageway, to relieve existing peak-hour congestion and meet...
Fragrance Properties, the property development unit of Fragrance Group, is acquiring a site at Upper Paya Lebar Road for S$28 million. Known as MK23 Lot 03331T, the site currently houses a block of old apartments. The freehold site is zoned for residential development. It has a total land area of 3,173.6 square metres and has a maximum gross plot ratio of 1.4. The land can yield a maximum permissable...