The Urban Redevelopment Authority (URA) on Thursday launched the tender for a residential site at Bartley Road and Lorong How Sun.
The land parcel was made available for sale through the Reserve List system in November 2009.
The tender was triggered because URA had received an application from a developer for the site.
The developer has committed to bid at a price of not less than S$191.7 million for the land parcel on a 99-year lease.
The 2.21 hectare site has a maximum gross floor area of almost 62 thousand square metres and can potentially yield about 620 housing units.
The land parcel is situated within an established residential estate in the northeastern region of Singapore and located next to the Bartley Circle Line MRT Station.
The tender for the site will close at noon on March 30.
Source : Channel NewsAsia – 10 Feb 2011