A 99-year leasehold residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) that was on the reserve list was triggered for sale today after a property developer committed to bid a minimum price of $320 million for the plot, said the Urban Redevelopment Authority (URA).
As the minimum price committed by the developer is acceptable to the government, the site will be released for sale by public tender.
With a land area of about 2.4ha, the land parcel is expected to generate a gross floor area of around 51,228 sqm and yield up to 570 housing units.
The site is close to Tanah Merah MRT station, Changi Business Park and the Singapore University of Technology and Design. Many condominiums such as Stratford Court, East Meadows, Casa Merah and Optima@Tanah Merah are also located nearby.
The URA will launch the public tender for the site in about two weeks.
Source: URA
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
