Residential site at Farrer Road sold for $45.8m

Far East Soho submitted the highest bid.

In a release, the Urban Redevelopment Authority has awarded the tender for the residential site at Farrer Road to Far East Soho Pte. Ltd. The company submitted the highest bid in the tender for the site.

Tender for the residential site was launched on 30 July 2012 and closed on 28 August 2012. The land parcel was offered for sale on a 99-year lease term.

The site area is 2,741.5sq.m. with a gross floor area of 3,839 sq.m. Far East Soho bid an amount of $45,777,000.00 ($11,924.20).

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