URA awards tender for 2 sites

The Urban Redevelopment Authority (URA) has awarded the tender for two land parcels, an industrial site at Irving Place and a residential plot at West Coast Link.

The industrial site at Irving Place has been awarded to Oxley Vista Pte Ltd, after it submitted the top bid of S$43.4 million in a public tender that closed on 22 June.

Launched for sale on 25 April 2011, the 60-year leasehold industrial site has a total area of 3,353 sq m and a maximum permissible gross plot ratio of 3.5. It is zoned for Business 1 – White development, which means that Oxley Vista can build a development with at least 8,383 sq m of industrial space.

Meanwhile, the tender for the residential site at West Coast Link / West Coast Crescent has been awarded to Boo Han Holdings Pte Ltd. The group submitted the highest bid of S$175.8 million in a public tender that closed on 23 June.
 
The land parcel, which was launched on 5 May 2011, has a total area of 12,662.7 sq m with a maximum permissible gross floor area (GFA) of 35,456 sq m. It can potentially yield up to 360 housing units.

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