The Urban Redevelopment Authority (URA) has awarded the tender for a non-landed residential site (pictured) at Jurong West Street 41 (Parcel A) to MCL Land (Prestige).
Launched for sale on 15 November 2012, the 99-year leasehold site has a land area of 240,652 sq ft and a maximum gross floor area (GFA) of 673,832 sq ft.
MCL Land submitted the highest bid of S$438.8 million or S$651 psf on the site’s GFA.
In total, 12 bids were submitted for the land parcel, a strong indication that developers’ outlook has not been dampened after the recent introduction of property cooling measures.
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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