URA awards tender for Sturdee Road residential site

Published Tue, Mar 31, 2015 · 08:16 AM

THE Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Sturdee Road to SL Capital (1) Pte Ltd.

SL Capital (1) submitted the highest bid of S$181.19 million.

With the maximum gross floor area of 21,391 square metres, the tendered price works out to S$8,470.34 per square metre.

The residential site was launched for public tender on Feb 10, and this closed on March 24.

The land parcel - with a site area of 6,111.5 square metres - was offered for sale on a 99-year lease term.

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