URA awards tender for Tanah Merah Kechil Road site

Fragrance Group Limited and World Class Land Pte Ltd. acquired the site for $285.2m.

In a release, the Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tanah Merah Kechil Road to Fragrance Group Limited and World Class Land Pte Ltd. The companies submitted the highest bid in the tender for the site.

The tender for the residential site was launched on 20 June 2012 and closed on 31 July 2012. The land parcel was offered for sale on a 99-year lease term. Details of the awarded land parcel and the successful tenderer are provided below:

Location: Tanah Merah Kechil Road

Site area: 13,998.5 sq.m.

Maximum gross flooar area: 39,196 sq.m.

Tendered price: $285,215,000.00 ($7,276.64)