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3 June 2025 · ura-pr25-26 · Urban Redevelopment Authority

Tender closing for URA sale site at Lakeside Drive

Lakeside DriveTender closed

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

2 The site at Lakeside Drive was launched for public tender on 8 April 2025.

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-pr25-26, sha256 ae924c0d6fd3. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

RankTendererTendered priceS$ psm GFA
1CDL Polaris Properties Pte. Ltd., parent: City Developments Limited and CDL Polaris Commercial Pte. Ltd., parent: City Developments LimitedS$608,000,000S$12,185.59
2Frasers Property Phoenix II Pte. Ltd., parent: Frasers Property Limited and MJR Investment Pte. Ltd.S$550,555,555S$11,034.28
3CL Emerald Pte. Ltd. and Sing Holdings Residential Pte. Ltd.S$529,008,819S$10,602.44
4Wee Hur Development Pte Ltd, parent: Wee Hur Holdings LtdS$503,900,000S$10,099.21
5Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)S$495,178,540S$9,924.41
6Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedS$488,195,000S$9,784.45

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 3 June 2025

    Tender closing for URA sale site at Lakeside Drive

    Urban Redevelopment Authority · Retrieved 18 September 2026

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  2. AnnexPublished 3 June 2025

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

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr25-26/pr25-26a1.pdf