You are here

CEL wins tender for residential site at New Upper Changi Rd/Bedok South Ave 3

Friday, February 26, 2016 - 13:18

CEL Residential Development has been awarded the tender for the residential site at New Upper Changi Road/Bedok South Avenue 3 at S$419.38 million.

The price translates to S$8,186.54 per square metre of gross floor area.

The Urban Redevelopment Authority (URA) said CEL had submitted the highest bid for the 24,394 square metre site. The site, which has a 99-year lease term, has a maximum gross floor area of 51,228 square metre.

The tender was launched on Jan 20 and closed on Feb 23.

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom