1. The Urban Redevelopment Authority (URA) has awarded the tender for the site at River Valley Green (Parcel B) to the highest tenderer, GLL B Pte. Ltd.
2. The site at River Valley Green (Parcel B) was launched for tender on 17 October 2024. The tender for the site closed on 7 February 2025. 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) |
|---|---|---|---|---|---|
| River Valley Green (Parcel B) | Residential with Commercial at 1st Storey | 11,736.0 m2 | 41,076 m2 | GLL B Pte. Ltd. | $627,835,896.00 ($15,284.74) |