Singapore, 15 Jun 2021 SINGAPORE - The Urban Redevelopment Authority (URA) on Tuesday (June 15) launched two residential-cum-commercial sites in Buona Vista for tender.
Both sites, which are zoned for residential development with commercial space at the first storey, have a lease period of 99 years. They fall under the confirmed list in the first-half 2021 government land sales (GLS) programme. Together, these two land parcels at Slim Barracks Rise can potentially yield 405 residential units.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, expects 12 to 15 bidders for the two parcels, and projected bids could range between $1,100 to $1,200 psf ppr.