A residential site at Lorong Lew Lian (pictured) along Upper Serangoon Road has been awarded to a consortium comprising Verwood Holdings, a wholly-owned subsidiary of City Developments Limited (CDL), Intrepid Investments, a unit of Hong Leong Holdings, and TID Residential, revealed the Urban Redevelopment Authority (URA).
The consortium beat 10 other bidders with a top bid of $321 million for the 150,711 sq ft site, which has a maximum permissible gross floor area of about 452,138 sq ft.
This works out to around $710 per square foot per plot ratio (psf ppr).
Launched for sale on 1 October 2015, the 99-year leasehold plot is close to Serangoon MRT station and NEX mall, and could yield 465 housing units.
Photo by URA.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
