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The Urban Redevelopment Authority has awarded the tender for the site at Berlayar Drive to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.
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The site at Berlayar Drive was launched for tender on 15 May 2026. The tender for the site closed on 4 August 2026. The site was offered for sale on a 99-year lease term.
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Details of the awarded site and the successful tenderer are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Berlayar Drive | Residential | 25,263.2 m² | 35,369 m² | Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. | $576,778,554.00 ($16,307.46) |