A residential site at Choa Chu Kang Road / Phoenix Road has been awarded by the Urban Redevelopment Authority (URA) to Far East Civil Engineering (Pte) Limited and China Construction (South Pacific) Development Co Pte Ltd, after submitting the highest bid of S$142.78 million, or S$4,418.97 psm of gross floor area (GFA) in a public tender that closed on 30 June 2011.
Launched for sale on 5 May 2011, the 99-year leasehold land parcel has a total site area of 15,385.6 sq m and a maximum GFA of 32,310 sq m. It is zoned for residential development and can potentially yield about 335 housing units.
Situated in close proximity to the existing Phoenix and Teck Whye LRT stations and the future Bukit Panjang MRT station, the residential site provides convenient access to all parts of Singapore.
To contact the journalist, you may send your message to editor@propertyguru.com.sg