A 99-year leasehold residential site at Lorong Liew Lian in Upper Serangoon was launched for public tender on Thursday, after it was made available for sale on the reserve list of the Government Land Sales (GLS) Programme for the second half of 2015, said the Urban Redevelopment Authority (URA).
On 22 September, URA announced that it had received an application from a developer for the site to be triggered for sale. The developer committed a minimum bid of $250 million in the tender.
The 150,711 sq ft site will have a maximum permissible gross floor area of 452,138 sq ft, and is expected to yield about 465 housing units.
Located within an established residential estate, the site is close to Serangoon MRT station, NEX shopping mall and reputable schools such as Maris Stella High and Nanyang Junior College.
The tender for the land parcel will close on 5 November 2015. Any tender below the minimum bid price of $250 million will not be considered, said URA.
Image source: URA
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
