Residential site at Ang Mo Kio Ave 2 awarded to $550m bidder

PHOTO: Residential site at Ang Mo Kio Ave 2 awarded to $550m bidder

SINGAPORE - The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Ang Mo Kio Avenue 2 to Pinehill Investments Pte Ltd.

The company submitted the highest bid in the tender for the site.

Tender for the residential site was launched on November 15, 2012 and closed on January 8, 2013. The land parcel was offered for sale on a 99-year lease term.