Mohd Sultan site up for sale
05:55 AM Feb 10, 2010
SINGAPORE - The Urban Redevelopment Authority (URA) offered a transitional office site at Mohamed Sultan Road for sale by public tender yesterday.
The 15-year-leasehold site has an area of about 0.62 hectares and a maximum permissible gross floor area of about 9,200 square metres. The minimum price for the site is $9.33 million.
Since Oct 2008, the land parcel was made available for sale through the Reserve List System. Two weeks ago, URA said it accepted an application from a developer to put up the site for sale. In Oct 2008, URA rejected a sole bid for the Mohamed Sultan site as the price offered was deemed to be too low.
The current tender for the site will close on March 18.
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