The Urban Redevelopment Authority (URA) has awarded the tender for the residential land parcel located at Flora Drive to Frasers Centrepoint Ltd.
Frasers Centrepoint Ltd submitted the top bid of S$131.38 million in a public tender that closed on 16 June 2011. This translates to S$3,499.27 psm of gross floor area (GFA).
Launched on 26 April 2011, the 99-year leasehold site has a total area of 26,817.6 sq m and a maximum permissible GFA of 37,545 sq m. It is zoned for residential development and can yield up to 380 apartment units.
The site is located in the eastern region of the country, within an established residential estate in Pasir Ris. It is also well-connected to the rest of the island via the Pan-Island Expressway (PIE) and East Coast Parkway (ECP).
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