Tender closing for residential sites at Cuscaden Road, Mattar Road and Silat Avenue

This is pretty interesting if we really analyse it. UOL was the only bidder for the Silat Avenue site (the site of Avenue South Residence). This brings us back several years back when UOL was in the same situation, when it was the sole bidder for the Paya Lebar site (today’s Paya Lebar Quarter by Lendlease). In the case of Paya Lebar, the site was not awarded to them. The site was put up for tender again few years later which Lendlease eventually won it at a much higher price as compared to what UOL could have if URA awarded the site to them then. Good foresight of UOL many market watchers say, and we truly agree with them.

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Source: https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr18-25

Published Date Headline
16 Mar 2018 URA tenders residential sites at Mattar Road, Silat Avenue
26 Apr 2018 Tender closing for residential sites at Cuscaden Road, Mattar Road and Silat Avenue
 

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