URA closes tender for 3 sites

The sites received a total of 12 bids.

The Urban Redevelopment Authority (URA) closed the tender for the Clementi Avenue 1, Pine Grove (Parcel B), and Lorong 1 Toa Payoh sites on 7 November.

URA launched the public tender for Clementi Avenue 1, Pine Grove (Parcel B) on 15 August, whilst Lorong 1 Toa Payoh was launched for tender on 5 September.

Clementi Avenue 1 received six bids, with the highest bid of $633.45m coming from CSC Land Group and Caspian Residential 3.

Pine Grove (Parcel B) and Lorong 1 Toa Payoh received three bids each.

The highest bid received for each site was $692.39m and $968m, respectively.

URA will award the tender at a later date after evaluation of the bids.

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Urban Redevelopment Authority

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