URA launches residential site at Dakota Crescent for public tender

The government has launched a residential site at Dakota Crescent for public tender.

This comes after a developer said it would bid at least S$130 million for the site two weeks ago.

The land parcel, which was made available for sale through the Reserve List System, has a site area of 1.7 hectares.

The 99-year site, which is located near Old Airport Road, can generate a maximum permissible gross floor area of 647 thousand square feet.

The tender closes on September 8.

The Urban Redevelopment Authority (URA) said Thursday the selection of the successful bidder will be based on the tendered land price only.

The minimum bid price for the site is S$130 million.

Source : Channel NewsAsia – 6 Aug 2009

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