White site at Thomson/Irrawaddy Road grabs 9 bids

Top bid was a whopping $492.5m.

According to a release, the Urban Redevelopment Authority (URA) closed the tender for the White site at Thomson Road / Irrawaddy Road today.

The site at Thomson Road / Irrawaddy Road was launched for public tender on 4 October 2012. It was originally made available for sale through the Reserve List system on 30 November 2011.

On 21 September 2012, URA announced that it had 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.

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