The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Upper Paya Lebar Road to UOL Investments, after it submitted the highest bid of S$39.30 million.
Launched for sale on 18 November 2013, it received strong interest from developers, with seven bids submitted before the tender closed on 14 January 2014.
Offered on a 99-year lease, the site has a land area of 20,077.6 sq m and a GFA of 56,218 sq m. It is located near the Bartley MRT station and the Bartley Residences and Bartley Ridge condominiums. It is also within proximity to Maris Stella Primary and Secondary schools.
Image source: URA.gov.sg
Christopher Chitty, Senior Content Producer at PropertyGuru, edited this story. To contact him about this or other stories, email christopher@propertyguru.com.sg