No bids submitted for Upper Thomson Road GLS site

SINGAPORE (EDGEPROP) - The tender for a residential Government Land Sale (GLS) site along Upper Thomson Road closed on June 19 with no bids submitted. The tender closing is batched with another site, River Valley (Parcel A). The Upper Thomson Road (Parcel A) site is a 99-year leasehold and spans 262,875 sq ft, with a gross plot ratio of 2.2. It is expected to yield up to 640 residential units, including 100 long-stay serviced apartments. The site is zoned for residential use with commercial at the first storey, and comes with an estimated 21,528 sq ft of commercial space. This is the second site to include a new class of long-stay serviced apartments, with a minimum stay requirement of three months. The first was the Zion Road (Parcel A) plot which was awarded to a JV between City Developments Ltd (CDL) and Mitsui Fudosan on April 16. The JV partners submitted the sole bid of $1.107 billion for the 164,439 sq ft site. This translates to $1,202 psf ppr. Read also: GLS sites at Dairy Farm Walk and Tengah Garden Ave launched for sale, Bayshore Rd site open for application Advertisement