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1 August 2024 · ura-pr24-39 · Urban Redevelopment Authority

Tender closing for URA sale site at Margaret Drive

Margaret DriveTender closed

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1. The Urban Redevelopment Authority (URA) closed the tender for the site at Margaret Drive today.

2. The site at Margaret Drive was launched for public tender on 30 May 2024.

3. Please see Annex A for details of the site 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-pr24-39, sha256 c5fb28d169ae. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

RankTendererTendered priceS$ psm GFA
1Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand LimitedS$497,000,000S$12,426.86
2Sing Holdings Limited and Cedar Investments Pte. Ltd.S$473,550,000S$11,840.53

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 1 August 2024

    Tender closing for URA sale site at Margaret Drive

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
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    c5fb28d169aebeda6339c4c2e9caa7e654c9fba89f013474bf2f784315c44248
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    ura-pr24-39
  2. AnnexPublished 1 August 2024

    Annex A to Tender closing for URA sale site at Margaret Drive

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr24-39/pr24-39a.pdf