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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Jiak Kim Street commercial site up for sale

It was priced $689.35m.

The Urban Redevelopment Authority (URA) launched the public bidding for a first-storey commercial site at Jiak Kim Street.

According to an announcement, the developer committed to a bid price of not less than $689.35m for the site.

The site, which has a lease period of 99 years, has an area of 13,481.7 sqm and a maximum gross floor area (GFA) of 51,231 sqm.

It also has a maximum building height of 36 storeys and around 525 housing units.

The bidding for the site will close on 5 December 2017.

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