URA awards tender for Yishun site

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A residential plot (pictured) at Yishun Avenue 9 has been awarded to EL Development, said the URA.

The developer submitted the highest bid of $278.8 million for the 20,553.8 sqm site. This translates to around $4,844 psm on the gross floor area.

The tender exercise for the site closed on 11 March after attracting five bids amid a softening property market.

Offered on a 99-year lease, the land parcel is located in an established HDB town and is easily accessible via major roads and expressways.


Source copied from: http://www.propertyguru.com.sg/property-management-news/2014/3/37495/ura-awards-tender-for-yishun-site