Gambas Crescent

Awarded

Business 1. URA sale site, built as Nordcom Two.

[ Award ]

S$46,333,000

Awarded 23 October 2013 to Grow-Tech Properties Pte Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Gambas Crescent	Business 1	13,536.9 m²	Not stated	Grow-Tech Properties Pte Ltd, parent: Far East Organization	S$46,333,000

[ The one tender received ]

As listed at the close of 17 October 2013 (ura-list-2013-gambas-crescent-13537-close), with the outcome the award of 23 October 2013 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Grow-Tech Properties Pte Ltd, parent: Far East OrganizationThe list prints S$1369.09 per square metre against a GPR of 2.5 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.	S$46,333,000	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.

23 October 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

Grow-Tech Properties Pte Ltd, parent: Far East Organization, S$46,333,000.

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

17 October 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$46,333,000 from Grow-Tech Properties Pte Ltd, parent: Far East Organization.

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

29 August 2013

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: Business 1
Tenure: 30 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 9 bids and names only the successful tenderer. The list prints S$1369.09 per square metre against a GPR of 2.5 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.[ura-list-vacant-sites-sold]
Site area: 13,536.9 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Industrial
Permissible gross plot ratio: 2.5
Planning area: Sembawang
Facts as stated on: 29 August 2013