URA launches Alexandra View site for sale by public tender

The Urban Redevelopment Authority (URA) launched a residential site at Alexandra View for sale by public tender on Wednesday.

The 99-year leasehold site was made available for sale through the Reserve List System on 26 September 2012.

Under the Reserve List System, a site will only be put up for tender if the developer’s minimum bid price is acceptable to the government.

URA said a developer has committed to bid no less than S$223 million for the land parcel.

With a land area of 0.65 hectares, the residential site can generate a maximum gross floor area of 31,857 square metres.

The land parcel is located within the central region and a short drive away from the Central Business District, Orchard Road, Marina Bay and the Southern Waterfront area.

The tender for the site will close at 12pm on 11 December 2012.

Source : Channel NewsAsia – 7 Nov 2012

Join The Discussion

Compare listings