South Bridge Road / Pickering Street
AwardedWhite Site (permitted uses are Commercial and/or Residential and/or Hotel and/or Medical Centre (Excluding Hospital & Sanatorium). URA sale site, built as Great Eastern Centre / Nankin Row.
S$340,050,000
S$8,437.97 psm GFA, about S$784 psf ppr (derived). Awarded 4 June 1997 to Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| South Bridge Road / Pickering Street | White Site (permitted uses are Commercial and/or Residential and/or Hotel and/or Medical Centre (Excluding Hospital & Sanatorium) | 13,554.1 m² | 40,300 m² | Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited | S$340,050,000(S$8,437.97) |
As listed at the close of 14 May 1997 (ura-list-1997-south-bridge-road-pickering-street-close), with the outcome the award of 4 June 1997 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited | S$340,050,000 | S$8,437.97 | S$784 | 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.
4 June 1997
AwardedSouth Bridge Road / Pickering Street: awarded to Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co 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
Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited, S$340,050,000 (S$8,437.97 psm GFA, about S$784 psf ppr).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
14 May 1997
Tender closedSouth Bridge Road / Pickering Street: 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$340,050,000 (S$8,437.97 psm GFA) from Merevale Holdings Pte Ltd & The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited.
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
27 February 1997
Launched for tenderSouth Bridge Road / Pickering Street: 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
- White Site (permitted uses are Commercial and/or Residential and/or Hotel and/or Medical Centre (Excluding Hospital & Sanatorium)
- 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
- 13,554.1 sqm[ura-list-vacant-sites-sold]
- Maximum GFA
- 40,300 sqm[ura-list-vacant-sites-sold]
- Tender conditions
- Development type (list code): White Site
- Planning area: Outram
- Facts as stated on
- 27 February 1997
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