Award of tender for URA site at Northumberland Road

Singapore, 05 May 2021 – The Urban Redevelopment Authority (URA) has awarded the tender for the site at Northumberland Road to Maximus Residential SG Pte Ltd. and Maximus Commercial SG Pte Ltd. The companies submitted the highest bid in the tender for the site.

The site at Northumberland Road was launched for tender on 27 October 2020. The tender for the site closed on 27 April 2021.  The land parcel was offered for sale on 99-year lease term.

Details of the awarded land parcel and the successful tenderer are provided below:

Location	Allowable Development	Site Area	Maximum Permissible GFA	Successful tenderer	Tendered Price ($PSM of GFA)
Northumberland Road	Residential with Commercial at 1st storey	8,732.9 square metres	36.679 square metres	Maximus residential SG Pte Ltd and Maximus Commercial SG Pte Ltd	S$445,888,000 (S$12,156.49)

Earlier, URA also launched a residential with commercial at first storey site at Northumberland Road for sale by public tender the confirmed list of the second half 2020 Government Land Sales (GLS) Programme. The site can potentially yield about 405 residential units.

GLS programme is planned for and announced every six months to facilitate implementation of the government’s concept plan and master plan.

– Construction+ Online

Source: URA