Prevo
[ Land sales ]

Sims Drive

Awarded

Residential. URA sale site, built as PENROSE.

Open in Maps
[ Award ]

S$383,529,936

S$7,879.24 psm GFA, about S$732 psf ppr (derived). Awarded 5 April 2019 to Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and CDL Constellation Pte. Ltd., parent: City Developments Limited

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Sims DriveResidential16,225.2 m²48,676 m²Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and CDL Constellation Pte. Ltd., parent: City Developments LimitedS$383,529,936(S$7,879.24)
[ The one tender received ]

As listed at the close of 28 March 2019 (ura-list-2018-sims-drive-close), with the outcome the award of 5 April 2019 gave each.

RankTendererTendered priceS$ psm GFAS$ psf ppr (derived)Outcome
1Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and CDL Constellation Pte. Ltd., parent: City Developments LimitedS$383,529,936S$7,879.24S$732Awarded

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

5 April 2019

Awarded

Sims Drive: awarded to Intrepid Investments Pte. Ltd. and CDL Constellation Pte. Ltd., 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

Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and CDL Constellation Pte. Ltd., parent: City Developments Limited, S$383,529,936 (S$7,879.24 psm GFA, about S$732 psf ppr).

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

28 March 2019

Tender closed

Sims Drive: tender closed with 5 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$383,529,936 (S$7,879.24 psm GFA) from Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and CDL Constellation Pte. Ltd., parent: City Developments Limited

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

30 November 2018

Launched for tender

Sims Drive: 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
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
16,225.2 sqm[ura-list-vacant-sites-sold]
Maximum GFA
48,676 sqm[ura-list-vacant-sites-sold]
Tender conditions
  • Development type (list code): Residential (Non-Landed)
  • Planning area: Geylang
Facts as stated on
30 November 2018

Sources

  1. Agency listPublication date not recorded

    URA Vacant Sites (online version)

    Urban Redevelopment Authority · Retrieved 19 September 2026

    Source fact · Source-backed

    Original 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