SINGAPORE - The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at Alexandra View (Parcel B) for sale by public tender.
The developer committed to bid at a price of not less than $222,898,000 in the tender for the land parcel.
The site has an area of about 6,501.5 sq m and a maximum permissible gross floor area (GFA) of 31,858 sq m.
It is located within an established residential estate in the central region and is a short drive away from the Central Business District, Orchard Road, Marina Bay and the Southern Waterfront area where VivoCity and Sentosa are located.
The area is served by Redhill MRT station.
As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale by public tender.
In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site. However, the identity of the applicant will not be released.
URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about four weeks.
The land parcel was made available for sale through the Reserve List system on Sep 26.