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Singland-UOL consortium wins bid for Clementi residential site

THE Urban Redevelopment Authority (URA) said on Friday it has awarded the tender for the residential site at Clementi Avenue 1 to Singland Homes Pte Ltd and UOL Venture Investments Pte Ltd. The consortium submitted the highest bid in the tender for the site at S$302.1 million.

The residential site was launched for public tender on Oct 23, 2015. The tender for the site closed on Dec 9, 2015. The land parcel was offered for sale on a 99-year-lease term.