The tenders for 2 residential Government Land Sales (GLS) websites at Jalan Bunga Rampai and Irwell Bank Road have been awarded the greatest bidders, announced the Urban Redevelopment Authority (URA) on Tuesday (14 January).
Attracting nine bids, the 4,666.6 sq m (50,230 sq feet ) website at Jalan Bunga Rampai was awarded to Wee Hur Development, which filed the best bid of $93.39 million.
Meanwhile, the 12,786.5 sq m (137,659 sq feet ) website at Irwell Bank Road, that received seven bids, was awarded to City Developments (CDL) after it placed the maximum bid of $583.89 million. It has a gross floor area of 35,809 sq m (385,444 sq feet ) and can transport around 445 residential components.
Both websites were provided 99-year leases, together with the tender for its Jalan Bunga Rampai launched on 29 August 2019, although that for Irwell Bank Road on 31 October 2019.
The tenders all closed on 9 January.