Thomson Road / Moulmein Road
AwardedCommercial. URA sale site, built as Velocity @ Novena Square.
S$508,000,000
S$7,256.13 psm GFA, about S$674 psf ppr (derived). Awarded 21 April 1997 to United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), United Oveseas Bank Ltd, parent: United Overseas Bank Limited & Singapore Land Ltd, parent: Singapore Land Group Limited (formerly United Industrial Corporation Limited).
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Thomson Road / Moulmein Road | Commercial | 16,669 m² | 70,009.8 m² | United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), United Oveseas Bank Ltd, parent: United Overseas Bank Limited & Singapore Land Ltd, parent: Singapore Land Group Limited (formerly United Industrial Corporation Limited) | S$508,000,000(S$7,256.13) |
As listed at the close of 12 March 1997 (ura-list-1996-thomson-road-moulmein-road-close), with the outcome the award of 21 April 1997 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), United Oveseas Bank Ltd, parent: United Overseas Bank Limited & Singapore Land Ltd, parent: Singapore Land Group Limited (formerly United Industrial Corporation Limited) | S$508,000,000 | S$7,256.13 | S$674 | 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 April 1997
AwardedThomson Road / Moulmein Road: awarded to United Overseas Land Ltd, United Oveseas Bank Ltd & Singapore Land Ltd, as URA's list of vacant sites sold dates it
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
United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), United Oveseas Bank Ltd, parent: United Overseas Bank Limited & Singapore Land Ltd, parent: Singapore Land Group Limited (formerly United Industrial Corporation Limited), S$508,000,000 (S$7,256.13 psm GFA, about S$674 psf ppr).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
12 March 1997
Tender closedThomson Road / Moulmein Road: tender closed with 4 bids, as URA's list of vacant sites sold dates it
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$508,000,000 (S$7,256.13 psm GFA) from United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), United Oveseas Bank Ltd, parent: United Overseas Bank Limited & Singapore Land Ltd, parent: Singapore Land Group Limited (formerly United Industrial Corporation Limited).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
19 December 1996
Launched for tenderThomson Road / Moulmein Road: launched for tender, as URA's list of vacant sites sold dates it
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)
Site facts
- Selling authority
- URA
- Allowable development
- Commercial
- 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
- 16,669 sqm[ura-list-vacant-sites-sold]
- Maximum GFA
- 70,010 sqm[ura-list-vacant-sites-sold]
- Tender conditions
- Development type (list code): Commercial
- Planning area: Novena
- Facts as stated on
- 19 December 1996
Sources
- Agency listPublication date not recorded
URA Vacant Sites (online version)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 28dd0ed255e0d696107b6536f72cdb2ea430144a681f78fd82d1c05f9232b373
- Size
- 82,692 bytes
- Format
- application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
- Retrieved at
- 2026-09-19 13:27:59 UTC
- Prevo reference
- ura-list-vacant-sites-sold