URA awards tender for site at Chestnut Avenue

The Urban Redevelopment Authority has awarded the tender for the residential site at Chestnut Avenue to S P Setia International.

The site attracted 12 bids, with S P Setia International submitting the highest bid at S$180 million.

The 1.87-hectare land parcel which was offered for sale on a 99-year lease could yield about 380 housing units.

Source : Channel NewsAsia – 30 Nov 2011

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