1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at Dairy Farm Walk to SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd., Soon Li Heng Civil Engineering Pte Ltd and Kay Lim Realty Pte. Ltd., and the tender for the site at Tengah Garden Avenue to Intrepid Investments Pte. Ltd., CSC Land Group (Singapore) Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.
2. The tenders for these sites were launched on 13 June 2024, and closed on 14 January 2025. The sites were offered for sale on 99-year lease terms.
3. Details of the awarded sites and the successful tenderers 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) |
|---|---|---|---|---|---|
| Dairy Farm Walk | Residential | 21,881.1 m² | 45,951 m² | SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd., Soon Li Heng Civil Engineering Pte Ltd and Kay Lim Realty Pte. Ltd. | $504,515,000.00 ($10,979.41) |
| Tengah Garden Avenue | Residential with Commercial at 1st Storey | 25,458.4 m² | 76,376 m² | Intrepid Investments Pte. Ltd., CSC Land Group (Singapore) Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. | $675,000,000.00 ($8,837.85) |