Sinaran Drive

Awarded

White Site (Commercial / Hotel / Residential / Civic and Community Institution). URA sale site, built as Square 2.

[ Award ]

S$100,800,000

S$3,068.03 psm GFA, about S$285 psf ppr (derived). Awarded 31 May 2002 to Glory Realty Co Pte Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Sinaran Drive	White Site (Commercial / Hotel / Residential / Civic and Community Institution)	7,822.6 m²	32,855 m²	Glory Realty Co Pte Ltd, parent: Far East Organization	S$100,800,000(S$3,068.03)

[ The one tender received ]

As listed at the close of 23 May 2002 (ura-list-2002-sinaran-drive-close), with the outcome the award of 31 May 2002 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Glory Realty Co Pte Ltd, parent: Far East Organization	S$100,800,000	S$3,068.03	S$285	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.

31 May 2002

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

Glory Realty Co Pte Ltd, parent: Far East Organization, S$100,800,000 (S$3,068.03 psm GFA, about S$285 psf ppr).

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

23 May 2002

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$100,800,000 (S$3,068.03 psm GFA) from Glory Realty Co Pte Ltd, parent: Far East Organization.

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

27 March 2002

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: White Site (Commercial / Hotel / Residential / Civic and Community Institution)
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 3 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 7,822.6 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 32,855 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): White Site
Planning area: Novena
Facts as stated on: 27 March 2002