Victoria Street

Awarded

Integrated commercial development for entertainment uses. URA sale site, built as Bugis+ (formerly known as Illuma).

[ Award ]

S$46,000,000

S$1,719.11 psm GFA, about S$160 psf ppr (derived). Awarded 4 July 2005 to Jack Investment Pte Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Victoria Street	Integrated commercial development for entertainment uses	8,919.2 m²	26,758 m²	Jack Investment Pte Ltd	S$46,000,000(S$1,719.11)

[ The one tender received ]

As listed at the close of 10 May 2005 (ura-list-2005-victoria-street-close), with the outcome the award of 4 July 2005 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Jack Investment Pte Ltd	S$46,000,000	S$1,719.11	S$160	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 July 2005

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

Jack Investment Pte Ltd, S$46,000,000 (S$1,719.11 psm GFA, about S$160 psf ppr).

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

10 May 2005

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$46,000,000 (S$1,719.11 psm GFA) from Jack Investment Pte Ltd.

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

18 January 2005

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: Integrated commercial development for entertainment uses
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 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 8,919.2 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 26,758 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Entertainment
Planning area: Rochor
Facts as stated on: 18 January 2005