27 Mar '18, 1am

Holland road site a big draw for developers

15 developers showed interest and bidded for a state tender of a 99-year leasehold site on Holland road . The response is indicative of how big of a catch the site is. Holland Village. Picture: URA Prime site for commercial and residential development While the bid prices were not revealed under the dual-envelope concept and price tender mode , the Urban Redevelopment Authority (URA) has released the bidders’ names. Under this scheme, bidders are required to submit concept proposals and tender prices in separate envelopes. The concept proposals will be reviewed by the Concept Evaluation Committee and appraised according to the design concept, quality of public realm and track record. After whittling down the tenders to those with acceptable concepts, the site will then be awarded to the highest bidder. The bidders who came forward for this tender included: A consortium wit...

Full article: https://www.iproperty.com.sg/news/holland-road-site-a-big...

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