SINGAPORE - The tender for a residential site at New Upper Changi Road (Parcel A) has been awarded to Sherwood Development.
The Urban Redevelopment Authority (URA) said in a media statement that he company submitted the highest bid at $434,550,000.
The site is zoned for residential development and has a site area of 31,881.6 sq m. It has a maximum gross foot area of 51,011 sq m.
The residential site was launched for sale by public tender on August 23. The tender was closed on October 16.
The land parcel was offered for sale on a 99-year lease term.