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18 July 2024 · ura-pr24-37 · Urban Redevelopment Authority

Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)

Canberra CrescentTender closedDe Souza AvenueTender closedZion Road (Parcel B)Tender closed

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1. The Urban Redevelopment Authority (URA) closed the tender for the 3 sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B) today.

2. The sites at Canberra Crescent and De Souza Avenue were launched for public tender on 16 April 2024. The site at Zion Road (Parcel B) was on the Reserve List of the Government Land Sales Programme. URA had, on 18 April 2024, accepted a successful application for the site to be put up for sale and it was launched for public tender on 13 May 2024. The 3 sites were offered for sale on 99-year lease.

3. Please see Annexes A, B andC for details of the sites and tender bids received.

4. This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

Text as retrieved 18 September 2026 from the Urban Redevelopment Authority release ura-pr24-37, sha256 d7c22a369d51. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

De Souza Avenue

RankTendererTendered priceS$ psm GFA
1SL Capital (8) Pte LtdS$278,900,000S$9,057.25
2Capital Development Pte. Ltd., parent: CapitaLand LimitedS$228,000,000S$7,404.28

Canberra Crescent

RankTendererTendered priceS$ psm GFA
1Peak Nature Pte Ltd, parent: Kheng Leong Company (Private) Limited and Huatland Development Pte. Ltd.S$279,000,800S$8,532.66
2SNC3 Realty Pte. Ltd., Apex Asia Real Estate Holding Pte. Ltd, BHCC Development (Projects) Pte. Ltd. and Heeton Homes Pte. Ltd., parent: Heeton Holdings LimitedS$275,088,000S$8,412.99
3GLL C Pte. Ltd.S$228,772,704S$6,996.54

Zion Road (Parcel B)

RankTendererTendered priceS$ psm GFA
1Valerian Residential Pte. Ltd.S$730,088,888S$14,039.63
2Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd.S$660,800,000S$12,707.20

Outcomes are not shown here: on the day of this release the tender was pending. The award, when it came, is its own release.

Documents

  1. Press releasePublished 18 July 2024

    Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    Technical details
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    428,130 bytes
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    Retrieved at
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    ura-pr24-37
  2. AnnexPublished 18 July 2024

    Annex A to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    c0ce0395b9da46c1d6e7924b8c2611a0fbf68cf0f5c02ba0c3726f86182e7fc0
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    ura-pr24-37/pr24-37a.pdf
  3. AnnexPublished 18 July 2024

    Annex B to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr24-37/pr24-37b.pdf
  4. AnnexPublished 18 July 2024

    Annex C to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

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    ura-pr24-37/pr24-37c.pdf