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Singapore URA tenders to sell residential site at Lorong Lew Lian

SINGAPORE'S Urban Redevelopment Authority (URA) has launched on Thursday the residential site at Lorong Lew Lian for sale by public tender.

The 14,001.5 square metre 99-year leasehold site has a maximum permissible gross floor area of 42,005 square metre. It can potentially yield about 465 residential units.

The site was available for sale on the Reserve List of the H2 2015 Government Land Sales Programme.

URA announced on Sept 22 that it had received an application from a developer for the site. The latter had committed to a bid price of not less than S$250 million for the site.