Penang Road / Oxley Road

Awarded

Commercial / Residential or Hotel. URA sale site, built as REGENCY HOUSE.

[ Award ]

S$67,290,000

S$6,273.54 psm GFA, about S$583 psf ppr (derived). Awarded 19 October 1995 to Golden Development Pte Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Penang Road / Oxley Road	Commercial / Residential or Hotel	2,553.8 m²	10,726 m²	Golden Development Pte Ltd, parent: Far East Organization	S$67,290,000(S$6,273.54)

[ The one tender received ]

As listed at the close of 23 August 1995 (ura-list-1995-penang-road-oxley-road-close), with the outcome the award of 19 October 1995 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Golden Development Pte Ltd, parent: Far East Organization	S$67,290,000	S$6,273.54	S$583	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.

19 October 1995

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

Golden Development Pte Ltd, parent: Far East Organization, S$67,290,000 (S$6,273.54 psm GFA, about S$583 psf ppr).

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

23 August 1995

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$67,290,000 (S$6,273.54 psm GFA) from Golden Development Pte Ltd, parent: Far East Organization.

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

31 May 1995

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: Commercial / Residential or Hotel
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 4 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 2,553.8 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 10,726 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Commercial
Planning area: Museum
Facts as stated on: 31 May 1995