The Urban Redevelopment Authority (URA) has awarded a residential site at Jervois Road (pictured) to S.L. Development Pte Ltd, after it submitted the highest bid of S$118.9 million in a public tender that closed on 2 February 2012.
Launched for sale on 22 December 2011 under the 2H2011 Government Land Sales (GLS) programme, the 99-year leasehold site has a total area of 8,958.0 sq m with a maximum gross plot ratio of 12,542 sq m and could potentially yield up to 140 housing units. It is located within the prime residential district 10 near Redhill MRT station.
The site “is surrounded by private developments such as Jervois Regency, Jervois Gardens and Jervois Lodge. The High Commission of Malaysia is also close by. Amenities are available at Valley Point Shopping Centre and along River Valley Road,” said Li Hiaw Ho, Executive Director at CBRE Research.
“The future development will be a low-rise development of five storeys, comprising 150 to 200 apartments.”
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