URA awards tender for Punggol Point site to Fragrance Group

Site was tendered for $11.368m.

In a release, the Urban Redevelopment Authority (URA) has awarded the tender for the food and beverage site at Punggol Point to Fragrance Group Limited. The company submitted the highest bid in the tender for the site. The site was tendered for $11,368,800.00.

Tender for the food and beverage site was launched on 4 December 2012 and closed on 26 February 2013. The land parcel was offered for sale on a 15-year lease term.  

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