World Class Developments has secured the tender for a residential site (pictured) at Jalan Jurong Kechil from the Urban Redevelopment Authority (URA).
Beating 22 other bidders, World Class submitted the highest offer of S$73.8 million or S$5,182.95 psm on the site’s gross floor area (GFA) when the tender closed on 15 November.
The top bid from World Class was for a 60 year lease option on the 10,170 sq m site with a maximum GFA of 14,239 sq m.
The site may be developed into condominium or retirement housing.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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