URA awards tender for Berlayar Drive site to Intrepid and GuocoLand
The Urban Redevelopment Authority has awarded the Berlayar Drive site to Intrepid Investments and GuocoLand. The tender price is $16,307.46 per square metre.
The Urban Redevelopment Authority (URA) has awarded the tender for the Berlayar Drive site to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. The site was launched for tender on 15 May 2026 and closed on 4 August 2026. The successful tenderer will develop the site on a 99-year lease term. The site is located at Berlayar Drive and is designated for residential development. The site area is 25,263.2 square metres, with a maximum permissible gross floor area (GFA) of 35,369 square metres. The tendered price for the site is $576,778,554.00, which equates to $16,307.46 per square metre of GFA. ## What was announced The URA has confirmed the successful tenderer for the Berlayar Drive site. The site was offered for sale on a 99-year lease term, and the tender closed on 4 August 2026. The successful bidder will be responsible for developing the site according to the allowable development guidelines. ## Key details of the award The site at Berlayar Drive is designated for residential development. The site area is 25,263.2 square metres, and the maximum permissible GFA is 35,369 square metres. The tendered price for the site is $576,778,554.00, which is $16,307.46 per square metre of GFA. ## Who it affects This announcement is relevant to project managers and developers who are involved in land sales and tender processes. It provides information about the successful tenderer and the terms of the site sale.
Key facts
- The URA awarded the Berlayar Drive site to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.
- The site was launched for tender on 15 May 2026 and closed on 4 August 2026.
- The site area is 25,263.2 square metres with a maximum permissible GFA of 35,369 square metres.
- The tendered price for the site is $576,778,554.00, which is $16,307.46 per square metre of GFA.
- The site is offered for sale on a 99-year lease term.
Source
Tender award for URA sale site at Berlayar Drive
URA Media Releases · 7 August 2026 · This brief is a summary in our own words. Read the original for the full text.
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