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2 mega private residential projects get URA's provisional nod in Q3

The projects at Sims Drive and Upper Serangoon View will have more than 1,000 units each

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Oct 29, 2014 · 09:50 PM
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Singapore

TWO mega private residential projects of over 1,000 units each are among the projects that secured provisional permission from Urban Redevelopment Authority (URA) in the third quarter.

A unit of Singapore-listed GuocoLand received the planning authority's nod to build a 1,024-unit condo, Sims Urban Oasis, on a 99-year leasehold site fronting Sims Drive, Aljunied Road and Pan Island Expressway.

The group, controlled by Malaysian tycoon Quek Leng Chan, paid S$530.89 million or nearly S$688 per square foot per plot rat…

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