MCC Land wins tender for Tanah Merah site with S$249m bid
MCC Land (Singapore) has won the tender for a site at Tanah Merah Kechil Link with its bid of S$248.99 million, the Urban Redevelopment Authority (URA) announced on Friday.
The land parcel was offered for sale on 99-year lease term. The site can potentially yield about 265 residential units.
It has a site area of 8,880 square metres (sq m) and a maximum gross floor area (GFA) of 24,864 sq m. The bid translated to S$10,014.08 per sq m of GFA.
The site at Tanah Merah Kechil Link was launched for tender on May 28, 2020. The tender for the site closed on Oct 29.
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Apple to invest US$250 million into expanding Ang Mo Kio campus
High Court dismisses Chinese businessman’s claims against Huttons and agent in misrepresentation suit
US 30-year mortgage rate rises to a four-month high of 7.13%
US homebuilding retreats as housing recovery stalls
China Vanke seeks to sell 21.4% stake in logistics operator GLP
Fannie Mae’s new mortgage-scoring system aims to lift MBS demand