SINGAPORE — A private housing site in Fernvale Road has attracted strong interest from developers, with Sing Development and Wee Hur Development jointly submitting the top bid of S$287.1 million in a closely-fought tender, Urban Redevelopment Authority data showed on Tuesday (Sept 27).
The 99-year leasehold land parcel, released from the Confirmed List of the second half 2016 Government Land Sales (GLS) programme, sits on about 17,196 square metres (185,096 sq ft) of land. With a maximum permissible gross floor area of 51,588 square metres (555,288 sq ft), it can yield an estimated 600 homes.