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Fourth Avenue residential site triggered for sale with minimum bid of S$448.8m
A RESIDENTIAL site at Fourth Avenue under the Reserve List of the first-half 2017 Government Land Sales (GLS) programme has been launched for sale by public tender on Thursday, the Urban Redevelopment Authority (URA) announced.
The tender for the land parcel will close at 12nn on Dec 5, with a minimum bid price of S$448.8 million. As standard practice, the URA does not reveal the identity of the applicant who triggered the land sale.
Nestled in a mature private residential estate in Bukit Timah, the site can build an estimated 455 housing units and has a land area of about 1.9 hectares with a maximum permissible gross floor area of 33,358 square metres.
The leasehold plot is situated next to the Sixth Avenue MRT Station and is well-connected via major arterial roads and the Pan Island Expressway. Good schools such as Nanyang Girls' High School, National Junior College, Hwa Chong Institution and Raffles Girls' Primary School are also nearby.
The tender closes the same day as the residential with first-storey commercial plot at Jiak Kim Street.