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Far East consortium wins Woodlands Square site tender

PropertyGuru

The Urban Redevelopment Authority (URA) said Thursday that the award of tender for the commercial site (pictured) at Woodlands Square is given to a consortium comprising Far East Civil Engineering, Tannery Holdings and Sekisui House.

The consortium submitted the highest bid at S$634 million for the site. This translates to S$906.28 per sq ft.

Located within Woodlands Central, the 99-year leasehold site has an area of 199,874 sq ft and offers a gross floor area (GFA) of 699,563 sq ft.

The statutory board noted that the proposed development on the site will have at least 90 percent or 628,929 sq ft of total GFA dedicated for office use, while the remaining GFA can be set aside for complementary uses such as childcare centre, and retail.

Launched for tender in December last year, the site attracted 8 bids at the close of its tender on 8 April.



Nikki De Guzman, Junior Journalist at PropertyGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg.



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