Tender for Jalan Loyang Besa/Pasir Ris Rise awarded to Hoi Hup Realty

The consortium had the highest bid at $140.96m.

According to a release, the Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jalan Loyang Besar / Pasir Ris Rise to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Oriental Worldwide Investments Inc. The consortium submitted the highest bid in the tender for the site.

The tender for the residential site was launched on 25 August 2011 and closed on 4 October 2011. The land parcel was offered for sale on a 99-year lease term.

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