[ Land sales ]

Parry Avenue

Awarded

Private assisted living and Health and Medical Care. URA/MOH sale site, built as Parry Assisted Living Care.

[ Award ]

S$71,988,000

S$3,982.30 psm GFA, about S$370 psf ppr (derived). Awarded 20 June 2023 to Pre 20 Pte. Ltd., parent: Perennial Group Private Limited

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Parry AvenuePrivate assisted living and Health and Medical Care12,912.1 m²18,077 m²Pre 20 Pte. Ltd., parent: Perennial Group Private LimitedS$71,988,000(S$3,982.30)
[ All 4 tenderers ]

As listed at the close of 21 March 2023 (ura-pr23-05), with the outcome the award of 20 June 2023 gave each.

RankTender refTendererTendered priceS$ psm GFAS$ psf ppr (derived)ConceptOutcome
133Pre 20 Pte. Ltd., parent: Perennial Group Private LimitedS$71,988,000S$3,982.30S$370ShortlistedAwarded
217Pre 20 Pte. Ltd., parent: Perennial Group Private LimitedS$71,938,000S$3,979.53S$370ShortlistedUnsuccessful
327United Medicare Development Pte LtdS$65,188,000S$3,606.13S$335ShortlistedUnsuccessful
48Evia Real Estate (I) Pte Ltd, Allium Healthcare Holdings Pte Ltd, Yuan Ching Development Pte Ltd and YK Realty Pte LtdS$48,888,999.99S$2,704.49S$251ShortlistedUnsuccessful

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

20 June 2023

Awarded, concept and price

Award of tender for site at Parry Avenue for private assisted living development

Awarded to

Pre 20 Pte. Ltd., parent: Perennial Group Private Limited, S$71,988,000 (S$3,982.30 psm GFA, about S$370 psf ppr).

Read the press releaseura-pr23-17

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On 20 June 2023, the Ministry of Health (MOH) and Urban Redevelopment Authority (URA) awarded the tender for the Parry Avenue site intended for a private assisted living development to Pre 20 Pte. Ltd.

Land Parcel at Parry Avenue The private assisted living development at the Parry Avenue site will help expand the range of housing-cum-care options to better cater to seniors’ diverse lifestyles, preferences and changing housing needs (see details of the site in Annex A ).

Located within Rosyth Estate and in close proximity to amenities such as Serangoon North Neighbourhood Centre and Heartland Mall, the assisted living development will also be adjacent to a new neighbourhood park (to be developed by the awarded tenderer), offering a conducive environment for seniors to live independently within a mature residential neighbourhood.

Concept and Price Revenue Tender A Concept and Price (C&P) Revenue Tender approach was adopted to ensure better alignment with the vision for the private assisted living development. Under this approach, tenderers submitted their concept proposals and tender prices separately. The concept proposals were first evaluated against a set of criteria specified in the tender, which included suitability and innovativeness of the proposed model of care, as well as quality of the proposed programmes and services. Shortlisted concept proposals then proceeded to the second stage of evaluation, which was based on price only. The site was then awarded to the tenderer with the highest bid price among the shortlisted concept proposals.

Details of the Tender & Evaluation of Concept Proposals The C&P Revenue Tender for the site at Parry Avenue was launched on 29 September 2022 and closed on 21 March 2023. A total of four Concept Proposals from three tenderers1 were received.

All tenderers presented their proposals to a Concept Evaluation Committee (CEC). The CEC concluded that all four Concept Proposals submitted by the following tenderers had satisfied the evaluation criteria specified in the tender and recommended that they progress to the second stage of tender evaluation:

a) Evia Real Estate (I) Pte Ltd, Allium Healthcare Holdings Pte Ltd, Yuan Ching Development Pte Ltd and YK Realty Pte Ltd (Tender Ref. 8)
b) Pre 20 Pte. Ltd. (Tender Ref. 33)
c) Pre 20 Pte. Ltd. (Tender Ref. 17)
d) United Medicare Development Pte Ltd (Tender Ref. 27)

Tendered Land Price The price envelopes of the four tender submissions were opened and the details of the price bids are shown in Annex B. In accordance with the C&P Revenue Tender approach, the site was awarded to Pre 20 Pte. Ltd. (Tender Ref. 33) which submitted the highest bid of $71,988,000.

Concept Proposal of Awarded Tenderer The Concept Proposal submitted by Pre 20 Pte. Ltd. demonstrates a comprehensive care model that provides residents of the proposed development with a continuum of care to enable them to age in place. The Concept Proposal includes a wide range of services/ programmes that can be tailored to the residents’ needs, interest, and preferences. These care and social services enable residents to live, socialise, and receive the support they require to continue living in the same community as they age and as their care needs change. The Concept Proposal also features an integrated health and social care hub that creates opportunities for meaningful interaction and social bonding. In addition, it offers a variety of communal areas that are well designed with green sanctuaries, sky terraces and activity-generating uses integrated with the future park to encourage social bonding and interaction amongst residents and with the wider community. Together, these features empower residents of the proposed development to live independently while staying connected with the wider community.

Overall, the Concept Proposal by Pre 20 Pte. Ltd. is comprehensive and well-conceived in terms of its care model, programmes and services, as well as design features.

MINISTRY OF HEALTHURBAN REDEVELOPMENT AUTHORITY 1 One of the tenderers submitted two Concept Proposals.

21 March 2023

Tender closed, concept and price

Tender closing for private assisted living development site at Parry Avenue

4 bids disclosed

Highest S$71,988,000 (S$3,982.30 psm GFA) from Pre 20 Pte. Ltd., parent: Perennial Group Private Limited

Read the press releaseura-pr23-05

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The Ministry of Health (MOH) and the Urban Redevelopment Authority closed the tender for the site at Parry Avenue for a private assisted living development today.

A total of 4 tender submissions have been received. Please see Annex A for the particulars of the tenderers.

Concept and Price Revenue Tender The site was launched for sale via a Concept and Price Revenue tender on 29 September 2022. As private assisted living is a new housing-cum-care model that MOH and URA are co-creating with industry players, we expect to receive a range of proposals for innovative assisted living models. This tender approach was adopted to ensure that the selected concept proposal is aligned with our vision for a private assisted living development.

Under this approach, tenderers are required to submit their concept proposals and tender prices separately. The concept proposals will first be evaluated by a Concept Evaluation Committee (CEC), chaired by MOH, based on criteria such as suitability and innovativeness of the proposed model of care, as well as quality of the proposed care programmes and services.

Only concept proposals that are shortlisted will proceed to the second stage of evaluation, which will be based only on price. The site will then be awarded to the shortlisted tenderer with the highest bid price.

This is not an announcement of tender award. A decision on the award of the tender will be announced at a later date after the tenders have been evaluated.

**MINISTRY OF HEALTH
URBAN REDEVELOPMENT AUTHORITY

29 September 2022

Launched for Concept and Price tender

Tender launch of site at Parry Avenue for private assisted living development

Read the press releaseura-pr22-36

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In collaboration with the Ministry of Health (MOH), the Urban Redevelopment Authority (URA) has launched a site at Parry Avenue for sale by public tender for a private assisted living development. The pilot development will expand the range of housing-cum-care options to better cater to seniors’ diverse lifestyles, preferences, and housing needs.

Pilot private assisted living development The Government has introduced public assisted living developments (i.e. Community Care Apartments) to better support seniors to live independently within the community. These HDB developments integrate senior-friendly housing with care services which can be scaled according to seniors’ changing care needs. The aim is to offer seniors a living environment that enables independence and creates deliberate opportunities for social bonding. The first public assisted living flats were launched in Bukit Batok in Feb 2021.

The Government is now releasing this site at Parry Avenue for a private assisted living development. Interested tenderers are invited to submit proposals of innovative assisted living models that can provide a range of services (e.g. active ageing activities, housekeeping, regular care assessments) that support seniors’ changing needs.

Site attributes The land parcel is located within Rosyth Estate. The site offers a conducive environment for seniors to live independently within an established residential neighbourhood. The development will include a neighbourhood park and is located near dining and shopping amenities, such as Serangoon North Neighbourhood Centre and Heartland Mall.

Details of the land parcel can be found in

. Information on the vision and key service elements for the development can be found in

, and the location plan is in

.

Details of tender A Concept & Price Revenue tender will be adopted to evaluate the tender submissions, to ensure that the selected concept proposal is aligned with the vision for the private assisted living development.

Under this system, tenderers are required to submit their concept proposals and tender prices separately. The concept proposals will first be evaluated against a set of criteria specified in the tender, which includes suitability and innovativeness of the proposed model of care, as well as quality of the proposed care programmes and services. Only concept proposals that are shortlisted will proceed to the second stage of evaluation, which will be based on price only. The site will then be awarded to the tenderer with the highest bid price among the shortlisted concept proposals.

The tender will close at 12 noon on 21 March 2023.
More details of the site are available on the URA website at

.

Site facts

Selling authority
URA/MOH
Allowable development
Private assisted living and Health and Medical Care
Tenure
60 yearsNot the 99-year term of an ordinary residential GLS parcel.
Tender method
Concept and Price Revenue tender: concept proposals are shortlisted first, then price decides among them.
Programme list
Confirmed List, launched for concept and price tender[ura-pr22-36/pr22-36a.pdf]
Site area
12,912.1 sqm[ura-pr22-36/pr22-36a.pdf]
Maximum GFA
18,077 sqmMinimum GFA 16,270 sqm[ura-pr22-36/pr22-36a.pdf]
Height control
Maximum 5 storeys[ura-pr22-36/pr22-36a.pdf]
Tender conditions
  • Lease term: 60 years
  • Minimum share of maximum permissible GFA for assisted-living use, including units and communal spaces: 60% (10,846 sqm, calculated)
  • Minimum share of maximum permissible GFA for Health and Medical Care use: 20% (3,615 sqm, calculated)
  • Mandatory minimum nursing-home beds: 100 beds
  • Housing form: Flats, or flats plus landed houses
  • Minimum average self-contained unit size, nett, excluding balconies and air-conditioner ledges: 32 sqm
  • Minimum resident stay: 3 months
  • Maximum building height: 5 storeys
  • Land and strata subdivision: Prohibited
  • Intended residents: 65 years of age. Persons aged 65 and above, subject to the stated care-eligibility framework
  • Resident lease option must be able to cover the resident until at least this age: 95 years of age
  • Universal design: BCA Barrier-Free Accessibility Code; corridors at least 1.8 m; minimised level differences and ramps; weather-protected access to units
  • Minimum corridor width: 1.8 m
  • Operator obligation: Operator must sign an MOH Service Level Deed
  • Tender method: Two-stage Concept and Price Revenue tender; only shortlisted concepts proceed to price evaluation
Facts as stated on
29 September 2022

Concept and price tender

4 concept proposals from 3 tenderer groups, as the close annex listed them.

  1. S/N 1Evia Real Estate (I) Pte Ltd, Allium Healthcare Holdings Pte Ltd, Yuan Ching Development Pte Ltd and YK Realty Pte Ltd
  2. S/N 2Pre 20 Pte. Ltd., parent: Perennial Group Private Limited (proposal 1 of this group)
  3. S/N 3Pre 20 Pte. Ltd., parent: Perennial Group Private Limited (proposal 2 of this group)
  4. S/N 4United Medicare Development Pte Ltd

Design commitments of the successful concept

  • A continuum-of-care model
  • Care and social services tailored to residents
  • An integrated health and social-care hub
  • Green sanctuaries
  • Sky terraces
  • Communal areas
  • Integration with the future park

As proposed and accepted at award. Not a record of what was built.

Sources

  1. Press releasePublished 29 September 2022

    Tender launch of site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    ae64da433bedf918a2880d038f210cc6a0071b9e7fc37e62f0d09551d3e0d7a5
    Size
    452,899 bytes
    Format
    text/html
    Retrieved at
    2026-09-18 12:12:39 UTC
    Prevo reference
    ura-pr22-36
  2. AnnexPublished 29 September 2022

    Annex A to Tender launch of site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    4a5913aeef5ec141f3d44e8f1622194a49c21543e6b7d483c4ddad8f1e9fdc31
    Size
    68,045 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 12:12:39 UTC
    Prevo reference
    ura-pr22-36/pr22-36a.pdf
  3. AnnexPublished 29 September 2022

    Annex B to Tender launch of site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    484858eaad335cb1bf7435cc2a99f5ed7e86a74600515af0721fce927bb0b112
    Size
    72,350 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 12:12:39 UTC
    Prevo reference
    ura-pr22-36/pr22-36b.pdf
  4. AnnexPublished 29 September 2022

    Annex C to Tender launch of site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    85f2a107de654b59c4bdc0f799883c4e647f4b2d58cc376aa672b91df049d6d5
    Size
    162,003 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 12:12:39 UTC
    Prevo reference
    ura-pr22-36/pr22-36c.pdf
  5. Press releasePublished 21 March 2023

    Tender closing for private assisted living development site at Parry Avenue

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    f2fa033d3637c5d08fc9591a27740263a7a6c8e931b06c108b9a0a4f4f2e1ed7
    Size
    433,864 bytes
    Format
    text/html
    Retrieved at
    2026-09-18 14:52:10 UTC
    Prevo reference
    ura-pr23-05
  6. AnnexPublished 21 March 2023

    Annex A to Tender closing for private assisted living development site at Parry Avenue

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    292af2c7bf5b4ee0b03265ccdd409c02fd0194a5761bdc2e9e75846abc3458d1
    Size
    6,264 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 14:52:10 UTC
    Prevo reference
    ura-pr23-05/pr23-05a.pdf
  7. Press releasePublished 20 June 2023

    Award of tender for site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    8e60a5d07c05744463ff1627184ea8a12f21618e5c44f2871d6f6fd35d9febff
    Size
    450,731 bytes
    Format
    text/html
    Retrieved at
    2026-09-18 14:52:11 UTC
    Prevo reference
    ura-pr23-17
  8. AnnexPublished 20 June 2023

    Annex A to Award of tender for site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    16214fcd9ebab7867927790909a14bba0c3a7c55d8767a1fc228115520285402
    Size
    76,607 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 14:52:11 UTC
    Prevo reference
    ura-pr23-17/pr23-17a.pdf
  9. AnnexPublished 20 June 2023

    Annex B to Award of tender for site at Parry Avenue for private assisted living development

    Urban Redevelopment Authority · Retrieved 18 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    0d9b8e571a94cc69fda6e484f77e7fd7df387c5b5637ddcb71159e9fd5bc152b
    Size
    15,873 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-18 14:52:11 UTC
    Prevo reference
    ura-pr23-17/pr23-17b.pdf