Tuas South Avenue 3 / Tuas South Avenue 8

Awarded

General and/or Light Industry. URA sale site, built as Tradelink Place.

[ Award ]

S$73,948,000

Awarded 11 April 1996 to Glory Realty Co. Pte Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Tuas South Avenue 3 / Tuas South Avenue 8	General and/or Light Industry	90,089 m²	Not stated	Glory Realty Co. Pte Ltd, parent: Far East Organization	S$73,948,000

[ The one tender received ]

As listed at the close of 7 February 1996 (ura-list-1995-tuas-south-avenue-3-tuas-south-avenue-8-close), with the outcome the award of 11 April 1996 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Glory Realty Co. Pte Ltd, parent: Far East OrganizationThe list prints S$328.33 per square metre against a GPR of 2.5 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.	S$73,948,000	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.

11 April 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

Glory Realty Co. Pte Ltd, parent: Far East Organization, S$73,948,000.

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

7 February 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$73,948,000 from Glory Realty Co. Pte Ltd, parent: Far East Organization.

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

29 November 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: General and/or Light Industry
Tenure: 60 yearsNot the 99-year term of an ordinary residential GLS parcel.
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. The list prints S$328.33 per square metre against a GPR of 2.5 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.[ura-list-vacant-sites-sold]
Site area: 90,089 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Industrial
Permissible gross plot ratio: 2.5
Planning area: Tuas
Facts as stated on: 29 November 1995