Lorong Ong Lye

Awarded

Mixed Landed or Flats. URA sale site, built as CHERRY GARDENS.

[ Award ]

S$15,888,000

S$2,862.70 psm GFA, about S$266 psf ppr (derived). Awarded 10 June 1996 to Allgreen Properties Ltd and Hoe Seng Co (Pte) Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Lorong Ong Lye	Mixed Landed or Flats	3,964.1 m²	5,550 m²	Allgreen Properties Ltd and Hoe Seng Co (Pte) Ltd	S$15,888,000(S$2,862.70)

[ The one tender received ]

As listed at the close of 21 March 1996 (ura-list-1996-lorong-ong-lye-close), with the outcome the award of 10 June 1996 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Allgreen Properties Ltd and Hoe Seng Co (Pte) Ltd	S$15,888,000	S$2,862.70	S$266	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.

10 June 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

Allgreen Properties Ltd and Hoe Seng Co (Pte) Ltd, S$15,888,000 (S$2,862.70 psm GFA, about S$266 psf ppr).

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

21 March 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$15,888,000 (S$2,862.70 psm GFA) from Allgreen Properties Ltd and Hoe Seng Co (Pte) Ltd.

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

31 January 1996

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: Mixed Landed or Flats
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 5 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 3,964.1 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 5,550 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Residential (Non-Landed)
Planning area: Serangoon
Facts as stated on: 31 January 1996