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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.