Orchard Road / Somerset Road

Awarded

Commercial. URA sale site, built as 313 @ Somerset.

[ Award ]

S$617,200,000

S$15,661.00 psm GFA, about S$1,455 psf ppr (derived). Awarded 24 August 2006 to Lend Lease Retail Investments 1 Pte. Ltd., parent: Lendlease Group

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Orchard Road / Somerset Road	Commercial	7,311.4 m²	39,410 m²	Lend Lease Retail Investments 1 Pte. Ltd., parent: Lendlease Group	S$617,200,000(S$15,661.00)

[ The one tender received ]

As listed at the close of 16 August 2006 (ura-list-2006-orchard-road-somerset-road-close), with the outcome the award of 24 August 2006 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Lend Lease Retail Investments 1 Pte. Ltd., parent: Lendlease Group	S$617,200,000	S$15,661.00	S$1,455	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.

24 August 2006

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

Lend Lease Retail Investments 1 Pte. Ltd., parent: Lendlease Group, S$617,200,000 (S$15,661.00 psm GFA, about S$1,455 psf ppr).

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

16 August 2006

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$617,200,000 (S$15,661.00 psm GFA) from Lend Lease Retail Investments 1 Pte. Ltd., parent: Lendlease Group

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

16 May 2006

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: 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 5 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 7,311.4 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 39,410 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Commercial
Planning area: Orchard
Facts as stated on: 16 May 2006