The Urban Redevelopment Authority (URA) closed the tender for the commercial and residential site at Jalan Anak Bukit today.
The site was launched for sale via the Concept and Price (C&P) revenue tender system on 30 June 2020. Under this system, only the envelopes containing concept proposals were opened today and URA received a total of 5 tender submissions. Please see Annex A for the particulars of the tenderers.
Concept and Price Revenue Tender Tenderers for the subject site at Jalan Anak Bukit were required to submit their concept proposals and tender prices in two separate envelopes.
The concept proposals will be first evaluated by a Concept Evaluation Committee based on a set of criteria specified in the tender (see Annex B ). _Only tenders that meet the evaluation criteria will be considered for award. At the second stage, the price envelopes of the proposals with acceptable concepts will be opened for consideration. The site will then be awarded to the tenderer with the highest bid price among those with acceptable concept proposals.
This is not an announcement of tender award. A decision on the award of the tender will be made after the tenders have been evaluated. This will be published at a later date.