URA accepts joint tender for Jurong Gateway site at nearly S$969m

The Urban Redevelopment Authority (URA) has accepted a joint tender for the Jurong Gateway site at a tender price of nearly S$969 million from CapitaMall Trust, CapitaMalls Asia and CapitaLand.

The 99-year leasehold site is likely to be developed into a mixed retail and office space.

It has a land area of approximately 18,159 square metres, with a maximum permissible total gross floor area of 88,980 square metres.

Jurong Gateway is located beside the Jurong East MRT interchange station, and close to JCube and IMM building.

Source : Channel NewsAsia – 30 May 2011

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