Source : Business Times – 9 Oct 2009
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Serangoon Avenue 3 to Intrepid Investments Pte Ltd.
The company submitted the highest bid of $221.21 million (US$158.84 million) in the tender for the site.
The 13,877.2 square metre (sqm) residential site has a maximum permissable gross floor area of 38,857 sqm.
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