Upper Serangoon Road
AwardedResidential with Commercial at 1st Storey. URA sale site, built as STARS OF KOVAN.
S$276,774,000
S$9,136.87 psm GFA, about S$849 psf ppr (derived). Awarded 28 November 2014 to Asset Legend Limited, parent: City Developments Limited / IOI Properties Group Berhad (South Beach consortium).
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Upper Serangoon Road | Residential with Commercial at 1st Storey | 10,097.1 m² | 30,292 m² | Asset Legend Limited, parent: City Developments Limited / IOI Properties Group Berhad (South Beach consortium) | S$276,774,000(S$9,136.87) |
As listed at the close of 27 November 2014 (ura-list-2014-upper-serangoon-road-close), with the outcome the award of 28 November 2014 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Asset Legend Limited, parent: City Developments Limited / IOI Properties Group Berhad (South Beach consortium) | S$276,774,000 | S$9,136.87 | S$849 | 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.
28 November 2014
AwardedUpper Serangoon Road: awarded to Asset Legend Limited, as URA's list of vacant sites sold dates it
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
Asset Legend Limited, parent: City Developments Limited / IOI Properties Group Berhad (South Beach consortium), S$276,774,000 (S$9,136.87 psm GFA, about S$849 psf ppr).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
27 November 2014
Tender closedUpper Serangoon Road: tender closed with 11 bids, as URA's list of vacant sites sold dates it
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$276,774,000 (S$9,136.87 psm GFA) from Asset Legend Limited, parent: City Developments Limited / IOI Properties Group Berhad (South Beach consortium).
Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)
25 September 2014
Launched for tenderUpper Serangoon Road: launched for tender, as URA's list of vacant sites sold dates it
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)
Site facts
- Selling authority
- URA
- Allowable development
- Residential with Commercial at 1st Storey
- 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 11 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
- Site area
- 10,097.1 sqm[ura-list-vacant-sites-sold]
- Maximum GFA
- 30,292 sqm[ura-list-vacant-sites-sold]
- Tender conditions
- Development type (list code): Residential with Commercial at 1st Sty
- Planning area: Hougang
- Facts as stated on
- 25 September 2014
Sources
- Agency listPublication date not recorded
URA Vacant Sites (online version)
Urban Redevelopment Authority · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 28dd0ed255e0d696107b6536f72cdb2ea430144a681f78fd82d1c05f9232b373
- Size
- 82,692 bytes
- Format
- application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
- Retrieved at
- 2026-09-19 13:27:59 UTC
- Prevo reference
- ura-list-vacant-sites-sold