A residential site at Farrer Drive (pictured) has been awarded to Singland Development, after it offered the top bid of S$113.2 million, which translates to around S$11,286 psm.
The site was launched for tender on 24 May by the URA (Urban Redevelopment Authority) and closed on 21 June.
The 6,268.3 sq m site has a 99-year lease term and a maximum gross floor area (GFA) of 10,030 sq m.
It is strategically located in an established private residential estate and enjoys access via major roads and expressways, including Farrer Road, Holland Road, Ayer Rajah Expressway and Pan-Island Expressway.
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