Source : Channel NewsAsia – 22 Jul 2009
A residential site at Dakota Crescent will be placed for public tender in about two weeks, following commitment from a developer to bid at least S$130 million for the land parcel.
According to the Urban Redevelopment Authority (URA), who made the announcement on Wednesday, the site has an area of about 1.7 hectares and will be able to generate a maximum permissible gross floor area of about 60,164 square metres with a lease period of 99 years.
It was made available for sale under the Reserve List of the Government Land Sales programme.
Under the Reserve List system, a site will be put up for sale only if a developer commits to bid at or above the minimum price which is acceptable to the government.
No comments:
Post a Comment