Tenders closing for URA sale sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B)

The results of the tender closings suggest a reduced risk appetite among developers.

Capital flows

Capital markets

Affordable housing

Government

Authors

Imran Khan

Site for Tender	Site Area	Maximum Gross Floor Area	Estimated number of housing units	Top Bid	No of bidders
Zion Road (Parcel A)	15,277.9 sqm	85,557 sqm*	1,170 units (inclusive of 435 SA2 units)	$1,106,888,000 ($1,202 psf per plot ratio or ppr)	1
Upper Thomson Road (Parcel B)	32,023.7 sqm	80,060 sqm	940	$779,555,000 ($905 psf ppr)	1

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