http://business.asiaone.com/Business...16-340178.html
Monday, Apr 16, 2012
AsiaOne
URA to launch tender for Boon Lay Way site
The Urban Redevelopment Authority has accepted an application from a developer to put up the residential site at Boon Lay Way (Jurong Gateway) for sale by public tender.
According to a statement released by URA, the developer committed to bid at a price of not less than $214,712,572 in the tender for the land parcel.
The residential site sits on a site area of about 1.2 ha and will have a maximum permissible gross floor area (GFA) of 48,670 sq m.
It can potentially yield about 590 housing units.
The land parcel is located in Jurong Lake District, which is envisioned to contain residential, office, retail, hotel, entertainment, food and beverage outlets.
URA is making public the minimum price committed for the site but will not release the identity of the applicant as per procedures of the Reserve List system.
The public tender for the site will be launched in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about four weeks.
The land parcel was made available for sale through the Reserve List system on Dec 22 last year.
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