URA awards tender for white site at Jurong Gateway Road

The Urban Redevelopment Authority (URA) has awarded the tender for the white site at Jurong Gateway Road to Lend Lease Retail Investments 3 and Lend Lease Commercial Investments.

The company submitted the highest bid of S$748.9 million for the site.

The site can be developed for commercial, residential or hotel use.

It has a site area of 19,124.5 square metres, and a maximum gross floor area of 107,098 square metres.

The tender for the site was launched on April 26 and closed on June 24.

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

Source : Channel NewsAsia – 28 Jun 2010

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