SG’s URA launched a tender for a condominium site

Martin Place Residences Building

The Urban Redevelopment Authority (URA) of Singapore has launched a public tender for a residential site at Martin Place last 28th of April (Thursday) this year.

This 99-year leasehold residential site has become under the confirmed list of the GLS (Government Land Sales) Programme for the first half year. This development has roughly about 15,936 square meters and has a maximum gross floor area of 44,622 square meters and can probably hold for about 450 units. It also has a maximum building height of 153 meters above mean sea level according to the URA.

The future occupants of this project will have a great access to the said residence as it isn’t far from some MRT stations such as the Great World MRT, Dhoby Gaut MRT, and Somerset MRT. This residence is also nearby to some local and prestigious schools like the Cambridge @ Robertson, EtonHouse Pre-School Robertson, River Valley Primary School, and The Little Skool-House. This offered site is also within the vicinity in a well-established residential are that features splendid condominiums such as the Waterford Residences and the Martin Place Residences.

The tender for this land site has closed at 12 noon last June 28 and the Urban Redevelopment has awarded the tender of this residential site to First Bedok Land Pte Ltd as they have submitted the highest bid for this land parcel.