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Plum site yielding over 400 condo units awarded

The Urban Redevelopment Authority (URA) on Monday (21 Jan) awarded a 125,326.36 sq ft private residential site at Kampong Java Road to CELH Development, which submitted the highest bid of $418.38 million.

The bid by Chip Eng Seng Corp’s property development arm works out to $1,192.25 psf ppr based on the site’s maximum permissible gross floor area (GFA) of 350,914.24 sq ft.

The plot which is expected to yield about 435 units, as it’s just opposite Newton MRT station and is close to Orchard Road.

– January 22, 2019

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