The Urban Redevelopment Authority (URA) has launched the office site at Mountbatten Road for sale by public tender today.
The land parcel was made available for sale through the Reserve List system on 31 October 2008. On 19 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than S$8,210,250 for the land parcel in the public tender.
The land parcel has a site area of about 1.17 ha and a maximum permissible gross floor area of 11,739 sqm. The land parcel is earmarked for office development and will have a lease period of 15 years.
The tender for the site will close at 12 noon on 1 November 2011.