Venture Avenue

Awarded

Commercial (with minimum component for office use). URA sale site, built as Vision Exchange.

[ Award ]

S$701,078,147

S$10,858.99 psm GFA, about S$1,009 psf ppr (derived). Awarded 13 March 2013 to Sim Lian JV (Vision) Pte Ltd, parent: Sim Lian Group Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Venture Avenue	Commercial (with minimum component for office use)	11,528.9 m²	64,562 m²	Sim Lian JV (Vision) Pte Ltd, parent: Sim Lian Group Limited	S$701,078,147(S$10,858.99)

[ The one tender received ]

As listed at the close of 12 March 2013 (ura-list-2012-venture-avenue-close), with the outcome the award of 13 March 2013 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Sim Lian JV (Vision) Pte Ltd, parent: Sim Lian Group Limited	S$701,078,147	S$10,858.99	S$1,009	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.

13 March 2013

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

Sim Lian JV (Vision) Pte Ltd, parent: Sim Lian Group Limited, S$701,078,147 (S$10,858.99 psm GFA, about S$1,009 psf ppr).

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

12 March 2013

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$701,078,147 (S$10,858.99 psm GFA) from Sim Lian JV (Vision) Pte Ltd, parent: Sim Lian Group Limited.

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

19 December 2012

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 (with minimum component for office use)
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 9 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 11,528.9 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 64,562 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Commercial
Planning area: Jurong East
Facts as stated on: 19 December 2012