URA to launch tender for site near Potong Pasir MRT station

Property Guru – Thu, Jul 12, 2012

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By Romesh Navaratnarajah: The Urban Redevelopment Authority (URA) will launch the public tender for a residential with first-storey commercial site (pictured) at Tai Thong Crescent (Parcel C), after a developer committed a minimum price of S$154.47 million.

Made available for sale through the reserve list system on 15 May, the site offers a land area of around 0.82-ha and is expected to yield a gross floor area (GFA) of 28,702 sq m.

It enjoys proximity to Potong Pasir MRT station and is accessible to major arterial roads and expressways including Upper Serangoon Road, the CTE, PIE and KPE.

URA is scheduled to launch the public tender in about two weeks and the tender period will be around five weeks. Related Stories: Market shows tepid reaction to CapitaLand-Ascott deal

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