MCL Land tops Jurong Gateway Tender

MCL's bid of $369.39m edges out closest rival El Development by just 0.08%.

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Boon Lay Way (Jurong Gateway) yesterday.

The site at Boon Lay Way (Jurong Gateway) was launched for sale by public tender on 30 April 2012. It was originally on the Reserve List of the Government Land Sales Programme.

URA had, on 16 April 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease.

The URA tender drew 12 bids.

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