Prince Charles Crescent gets $516.3m for top bid

The tender for the residential was closed with 8 bidders.

In a release, the Urban Redevelopment Authority (URA) closed the tender for the residential site at Prince Charles Crescent.

The site at Prince Charles Crescent was launched for sale by public tender on 23 August 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 30 July 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease term.

A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

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