A 99-year leasehold residential site at Lorong Liew Lian (pictured) in Upper Serangoon has been launched for sale under the reserve list, after a developer committed to bid for the tender at a minimum price of $250 million, revealed the Urban Redevelopment Authority (URA).
The minimum price offered by the developer was accepted by the government, triggering the sale.
The 1.4ha plot will have a maximum permissible gross floor area of 452,138 sq ft.
Located within an established residential estate, the land parcel is close to Serangoon MRT station, NEX shopping mall and reputable schools such as Maris Stella High and Nanyang Junior College.
The site will be released for sale next month and URA will announce the launch date soon.
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
