Residential site at New Upper Changi Road sold for $434.6m
Sherwood Development got the award.
According to a release, the Urban Redevelopment Authority has awarded the tender for the residential site at New Upper Changi Road (Parcel A) to Sherwood Development Pte Ltd. The company submitted the highest bid in the tender for the site.
The residential site was launched for sale by public tender on 23 August 2012 and closed on 16 October 2012. The land parcel was offered for sale on a 99-year lease term.