23 Nov '12, 3am

Jurong Kechil site awarded to World Class: By Romesh Navaratnarajah: World C... property market

World Class Developments has secured the tender for a residential site (pictured ) at Jalan Jurong Kechil from the Urban Redevelopment Authority (URA). Beating 22 other bidders, World Class submitted the highest offer of S$73.8 million or S$5,182.95 psm on the site’s gross floor area (GFA) when the tender closed on 15 November. The top bid from World Class was for a 60 year lease option on the 10,170 sq m site with a maximum GFA of 14,239 sq m. The site may be developed into condominium or retirement housing.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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