Telok Ayer Street / Cross Street

Awarded

White Site. URA sale site, built as PWC Building.

[ Award ]

S$367,310,736

S$8,611.20 psm GFA, about S$800 psf ppr (derived). Awarded 13 March 1996 to The Development Bank of Singapore Ltd, parent: DBS Group Holdings Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Telok Ayer Street / Cross Street	White Site	3,077.5 m²	42,655 m²	The Development Bank of Singapore Ltd, parent: DBS Group Holdings Ltd	S$367,310,736(S$8,611.20)

[ The one tender received ]

As listed at the close of 17 January 1996 (ura-list-1995-telok-ayer-street-cross-street-close), with the outcome the award of 13 March 1996 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	The Development Bank of Singapore Ltd, parent: DBS Group Holdings Ltd	S$367,310,736	S$8,611.20	S$800	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.

13 March 1996

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

The Development Bank of Singapore Ltd, parent: DBS Group Holdings Ltd, S$367,310,736 (S$8,611.20 psm GFA, about S$800 psf ppr).

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

17 January 1996

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$367,310,736 (S$8,611.20 psm GFA) from The Development Bank of Singapore Ltd, parent: DBS Group Holdings Ltd.

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

25 October 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: White Site
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 3 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 3,077.5 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 42,655 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): White Site
Planning area: Downtown Core
Facts as stated on: 25 October 1995