Tenders for residential sites in Jalan Tembusu and Lentor Hills Road Parcel A have been awarded to their respective highest bidders, announced the Urban Redevelopment Authority (URA) in a press statement on Wednesday (Jan 26).

Through its wholly owned subsidiary CDL Triton, City Developments (CDL) beat seven other bidders to win the 210,622 sq ft Jalan Tembusu site at the tendered price of S$768 million. Based on the site’s maximum permissible gross floor area (GFA) of 589,744 sq ft, this translates to about S$1,302 per sq ft per plot ratio (psf ppr).

The Business Times (BT) had previously reported that the price came in at the upper end of the range forecast by property consultants polled by BT before the tender closed on Jan 18.

Read more at: https://www.straitstimes.com/business/property/ura-awards-jalan-tembusu-and-lentor-hills-site-to-highest-bidders