Tampines Ave 10 site draws $289.7 million top bid in 10-way tussle

SINGAPORE - The top bid when the tender closed on Tuesday came from Chinese developer MCC Land, with an offer of $562 per sq ft (psf) per plot ratio (ppr).

Here is the full statement from the Urban Redevelopment Authority:

TENDER CLOSING FOR RESIDENTIAL SITE AT TAMPINES AVENUE 10 (PARCEL B)

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Tampines Avenue 10 (Parcel B) today.

The site at Tampines Avenue 10 (Parcel B) was launched for public tender on May 15, 2013.

The site was offered for sale on a 99-year lease term.

Please see Annex A for details of the site and tender bids received.

This is not an announcement of tender award.

A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

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