Merchant Road / Magazine Road

Awarded

Restoration and adaptive reuse of existing buildings as well as new development. URA sale site, built as Central Mall.

[ Award ]

S$11,500,000

S$1,428.57 psm GFA, about S$133 psf ppr (derived). Awarded 15 February 1993 to City Developments Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Merchant Road / Magazine Road	Restoration and adaptive reuse of existing buildings as well as new development	4,806 m²	8,050 m²	City Developments Limited	S$11,500,000(S$1,428.57)

[ The one tender received ]

As listed at the close of 24 November 1992 (ura-list-1992-merchant-road-magazine-road-close), with the outcome the award of 15 February 1993 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	City Developments Limited	S$11,500,000	S$1,428.57	S$133	Awarded

Press releases, latest first

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

15 February 1993

Awarded

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Awarded to

City Developments Limited, S$11,500,000 (S$1,428.57 psm GFA, about S$133 psf ppr).

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

24 November 1992

Tender closed

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

1 bid disclosed

Highest S$11,500,000 (S$1,428.57 psm GFA) from City Developments Limited.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

31 August 1992

Launched for tender

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

Selling authority: URA
Allowable development: Restoration and adaptive reuse of existing buildings as well as new development
Tenure: 99 years
Programme list: None stated; sold by tender, as ura's list records itA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.The list counts 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 4,806 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 8,050 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Commercial
Planning area: Singapore River
Facts as stated on: 31 August 1992