Serangoon Avenue 3

Awarded

Residential. URA sale site, built as THE SCALA.

[ Award ]

S$221,207,207

S$5,692.85 psm GFA, about S$529 psf ppr (derived). Awarded 9 October 2009 to Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Serangoon Avenue 3	Residential	13,877.2 m²	38,857 m²	Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited	S$221,207,207(S$5,692.85)

[ The one tender received ]

As listed at the close of 7 October 2009 (ura-list-2009-serangoon-avenue-3-close), with the outcome the award of 9 October 2009 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited	S$221,207,207	S$5,692.85	S$529	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.

9 October 2009

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

Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, S$221,207,207 (S$5,692.85 psm GFA, about S$529 psf ppr).

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

7 October 2009

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$221,207,207 (S$5,692.85 psm GFA) from Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited

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

9 September 2009

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: Residential
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 15 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 13,877.2 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 38,857 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Residential (Non-Landed)
Planning area: Serangoon
Facts as stated on: 9 September 2009