The Urban Redevelopment Authority (URA) has awarded the tender for the Tanah Merah Kechil Road residential site to Fragrance Group Limited and World Class Land Pte Ltd.
It is designated for residential development and has a maximum site area of 13,998.5 m and a gross floor area (GFA) of 39,196 m2.
The tendered price is $285,215,000. The $PSM of gross floor area is $7,276.64.
The tender for the residential site was launched on June 20 and closed on July 31. It was offered for sale on a 99-year lease term.