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