Historical coverage. This summary was prepared after the original event. Rules, prices and conditions may have changed; consult the dated original source and current official guidance.

URA land sales / award

At a glance

  • URA announcement date: 16 April 2024. Milestone: award.[1]

What the URA notice records

URA’s 16 April 2024 notice confirms an award for Zion Road (Parcel A). The successful tenderer is CDL-MFA Vega Property Pte. Ltd. and CDL-MFA Altair Property Pte. Ltd., with a tender sum of S$1,106,888,000.00.[1]

The published site particulars include site area: 15,277.9 m²; maximum gross floor area: 85,557 m² *; permitted development: Residential with Commercial at 1st Storey.[1]

The same notice also records Upper Thomson Road (Parcel B): GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. (S$779,555,000.00).[1]

Context & interpretation

Why it matters

A land award identifies the buyer of the parcel. It does not establish future home prices, a public sales launch or completion of the development. This is a record of the original award, with later project announcements forming separate milestones.

Sources & further reading

  1. Tender award for URA sale sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B) ↗Urban Redevelopment Authority · 16 Apr 2024 · Accessed 1 Nov 2026

This is an original AI-assisted summary, not a reproduction of the source article. Context is our interpretation. Editorial policy · Report an issue