URA closes Sembawang Road / Jalan Sendudok site tender

Highest bid was at $191.8 million by Hao Yuan Investment.

The 27,665.5 m² residential site was offered for sale on a 99-year lease.

Other bidders were Fragrance Group Limited and Aspial Corporation Limited, Intrepid Investments, FCL Topaz and F.E. Lakeside, Hoi Hup Realty and Sunway Developments, and Allgreen Properties.

A decision on the award of the tender will be made after the bids have been evaluated.

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