Ubi Avenue 1

Awarded

Clean and Light Industry. URA sale site, built as Starhub Green / OSIM Headquarters / 63 @ Ubi / UB Point / Bizlink Centre / Ui Centre / Ubi 55.

[ Award ]

S$120,000,888.98

Awarded 10 December 1996 to Bousteadco (S) Ltd, parent: Boustead Singapore Limited, Goldman Financial Ltd & International Factors Leasing Pte Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Ubi Avenue 1	Clean and Light Industry	54,126 m²	Not stated	Bousteadco (S) Ltd, parent: Boustead Singapore Limited, Goldman Financial Ltd & International Factors Leasing Pte Ltd	S$120,000,888.98

[ The one tender received ]

As listed at the close of 23 October 1996 (ura-list-1996-ubi-avenue-1-r372-close), with the outcome the award of 10 December 1996 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Bousteadco (S) Ltd, parent: Boustead Singapore Limited, Goldman Financial Ltd & International Factors Leasing Pte LtdThe list prints S$886.83 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$120,000,888.98	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 December 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

Bousteadco (S) Ltd, parent: Boustead Singapore Limited, Goldman Financial Ltd & International Factors Leasing Pte Ltd, S$120,000,888.98.

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

23 October 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$120,000,888.98 from Bousteadco (S) Ltd, parent: Boustead Singapore Limited, Goldman Financial Ltd & International Factors Leasing Pte Ltd.

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

31 July 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: Clean and 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 4 bids and names only the successful tenderer. The list prints S$886.83 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: 54,126 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Industrial
Permissible gross plot ratio: 2.5
Planning area: Geylang
Facts as stated on: 31 July 1996