URA awards tender for residential site to Hao Yuan Investment

The Urban Redevelopment Authority has awarded the tender for a residential site at Sembawang Road and Jalan Sendudok to Hao Yuan Investment.

The company submitted the highest bid of nearly S$192 million.

That translates to about S$4,952 per square metre.

The plot has a site area of almost 28,000 square metres, and a maximum gross floor area of almost 39,000 square metres.

The tender for the residential site was launched on March 29 and closed on May 26.

The land parcel was offered for sale on a 99-year lease.

Source : Channel NewsAsia – 30 May 2011

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