Tender closing for residential site at Pasir Ris Drive 3

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Pasir Ris Drive 3 today.

The site at Pasir Ris Drive 3 was launched for sale by public tender on 16 April 2012. The site was offered for sale on a 99-year lease.

The site area is of 22,317 m2 and the maximum permissible GFA is of 46,867 m2.

A total of 5 bids were presented. The highest tenderer is Capital Development at S$211.0 million.

Singland Development handed in the next highest bid of S$209.9 million, while OUE Reef Development made the third highest bid of S$198.1 million.

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

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