URA receives 10 bids for Paya Lebar Rd/Eunos Rd site

The Urban Redevelopment Authority (URA) has closed the tender for a commercial site at Paya Lebar Road and Eunos Road 8 after receiving 10 bids.

The highest bid of S$585.6 million came from joint bidders Siong Feng Development, Guthrie, and Sun Venture Commercial.

The land parcel has a site area of 14,851.6 square metres and a maximum permissible gross floor area of 62,377 square metres.

The site was launched for public tender on January 27 and has a lease period of 99 years.

URA said it will evaluate the tender bids and announce the final tender results at a later date.

Source : Channel NewsAsia – 21 Apr 2011

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