URA awards tender for site at Jelebu Rd

The Urban Redevelopment Authority (URA) said it has awarded the tender for the commercial and residential site at Jelebu Road/Petir Road to Sim Lian Land and Sim Lian Development.

The firms submitted the highest bid of S$492.8 million for the site in a tender that closed on November 30. The price translates to around S$8,667.73 per sq m.

Launched for sale on October 11, the 99-year lease site measures 18,954.5 sq m and has a gross floor area of 56,864 sq m. It is also integrated with a bus interchange.

URA said at least 19,903 square metre of the maximum permissible Gross Floor Area (GFA) for the development must be for commercial uses.

The site attracted a total of 10 bids.

Source : Channel NewsAsia – 2 Dec 2011

Join The Discussion

Compare listings