Jurong West residential site draws 12 bids

Jurong West residential site draws 12 bids

SINGAPORE - The Urban Redevelopment Authority (URA) closed the tender for the residential site at Jurong West Street 41 on Tuesday.

The 22,357.3 sq m site at Jurong West Street 41, which has a maximum permissible gross floor area (GFA) of 62,601 sq m, was launched for public tender on 15 November 2012.

The site was offered for sale on a 99-year lease term. A total of 12 bids were received for the site, with the highest bidder being MCL Land (Prestige) Pte Ltd, at $438,888 million, or $7,010.88 per sq m of GFA.

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