The Urban Redevelopment Authority (URA) has awarded the tender for the site at Northumberland Road to Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd.
The companies submitted the highest bid in the tender for the site.
The site at Northumberland Road was launched for tender on 27 October 2020. The tender for the site closed on 27 April 2021. The land parcel was offered for sale on 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Northumberland Road | Residential with Commercial at 1st storey | 8,732.9 m2 | 36,679 m2 | Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd. | $445,888,000 ($12,156.49) |