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

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.

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