The Urban Redevelopment Authority has awarded the tender for the commercial and residential site at Yio Chu Kang Road and Seletar Road to Far East Square.
The company submitted the highest bid in the tender for the site at S$119 million. This translates to about S$376 per square foot.
The tender for the commercial and residential site was launched on August 20, on a 99-year lease.
Source : Channel NewsAsia – 22 Sep 2009