1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at Faber Walk to the highest tenderer, GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd.
2. The site at Faber Walk was launched for tender on 12 September 2024. The tender for the site closed on 19 November 2024. The site was offered for sale on a 99-year lease term.
3. Details of the awarded site and the successful tenderer are provided below:
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| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Faber Walk | Residential | 25,795.4 m² | 36,114 m² | GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. Ltd. and Intrepid Investments Pte. Ltd. | $349,857,988.00 ($9,687.60) |