Serangoon Road / Sungei Road

Awarded

Commercial or Hotel or Commercial & Residential and Carpark Station. URA sale site, built as The Verge.

[ Award ]

S$84,000,000

S$3,790.27 psm GFA, about S$352 psf ppr (derived). Awarded 21 October 1996 to Hicom Properties Sdn Bhd, parent: DRB-HICOM Berhad.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Serangoon Road / Sungei Road	Commercial or Hotel or Commercial & Residential and Carpark Station	6,332 m²	22,162 m²	Hicom Properties Sdn Bhd, parent: DRB-HICOM Berhad	S$84,000,000(S$3,790.27)

[ The one tender received ]

As listed at the close of 18 September 1996 (ura-list-1996-serangoon-road-sungei-road-close), with the outcome the award of 21 October 1996 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Hicom Properties Sdn Bhd, parent: DRB-HICOM Berhad	S$84,000,000	S$3,790.27	S$352	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.

21 October 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

Hicom Properties Sdn Bhd, parent: DRB-HICOM Berhad, S$84,000,000 (S$3,790.27 psm GFA, about S$352 psf ppr).

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

18 September 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$84,000,000 (S$3,790.27 psm GFA) from Hicom Properties Sdn Bhd, parent: DRB-HICOM Berhad.

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

27 June 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: Commercial or Hotel or Commercial & Residential and Carpark Station
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: 6,332 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 22,162 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): White Site
Planning area: Rochor
Facts as stated on: 27 June 1996