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SG Two plots at Upper Serangoon View awarded

Property Here - Tuesday, December 03, 2013

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The tender for two residential sites at Upper Serangoon View (pictured) has been awarded to Kingsford Development, revealed the Urban Redevelopment Authority (URA).

The developer submitted the highest bids for both sites at S$258.8 million for Parcel A and S$201.63 million for Parcel B, or S$522 psf per plot.

Launched for sale on 30 September, both sites were offered on 99-year leases and attracted eight bids each. 

Parcels A and B have land areas of 165,140 sq ft and 128,663 sq ft respectively. 

Meanwhile, URA also released a residential site at Geylang East Avenue 1 for public tender, after a developer committed a minimum bid of S$95 million. 

Made available for sale under the reserve list on 15 May, the site has a land area of around 67,146 sq ft and maximum permissible gross floor area (GFA) of 188,013 sq ft.

URA will launch the site's tender in about two weeks.