Staff Reporter
,
Singapore
Photo from Envato Elements
The highest bidder offered $315m, or $11,158.34 per sq m of gfa for the site.
The Urban Redevelopment Authority (URA) has awarded the tender for the site at Media Circle (Parcel A) to a consortium comprising CNQC Realty (Bloomsbury) Pte. Ltd., Forsea Residence Pte. Ltd., and Hoovasun Holding Pte. Ltd.
The consortium submitted the highest of three bids received at the close of the tender on 4 March, offering $315m, or $11,158.34 per sq m of gross floor area (gfa).
The tender was launched on 26 November 2024, and the site was offered for sale on a 99-year lease.
Join
Singapore Business Review
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!