Residential site at New Upper Changi Road / Bedok South Avenue 3 launched for tender
By Lin Zhiqin
/ The Edge Property |
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The Urban Redevelopment Authority (URA) has launched the residential site at New Upper Changi Road / Bedok South Avenue 3 (Parcel B) for sale by public tender today. The 2.4 ha 99-year leasehold site has a maximum permissible gross floor area of 551,414 sq ft, which can potentially yield approximately 570 housing units. It is located across Tanah Merah MRT station of the East-West Line.
The site was on the Reserve List of the 2nd Half 2015 Government Land Sales (GLS) Programme. On 7 January 2016, URA announced that it had received an application from a developer for the site to be put up for public tender. The developer committed to a bid price of not less than $320,000,000 in the tender for the site.
The tender will close at 12 noon on 23 February 2016. Any tender below the minimum bid price of $320,000,000 will not be considered.
Details of land parcel
Location | New Upper Changi Road / Bedok South Avenue 3 (Parcel B) |
|---|---|
Site Area | 24,394 sqm / 262,575 sq ft |
Allowable Development | Residential |
Maximum Permissible Gross Floor Area | 51,228 sqm / 551,414 sq ft |
Maximum Building Height | Part 3 storeys and part 50m to 63m AMSL* |
Estimated Number of Housing Units** | 570 |
Lease Period | 99 Years |
Source: URA
* AMSL means Above Mean Sea Level
** Actual number of dwelling units provided by the developer may vary
Location map
Source: URA
Source: URA
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