URA awards Berlayar Drive site to Intrepid and GuocoLand
The Urban Redevelopment Authority has awarded the Berlayar Drive site to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd. The site was offered for sale on a 99-year lease term.
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. It was offered for sale on a 99-year lease term. The site spans 25,263.2 m² and allows for residential development. The maximum permissible gross floor area (GFA) is 35,369 m². The successful tenderer paid $576,778,554.00, which is $16,307.46 per square metre of GFA. This tender award is significant for project managers involved in planning and executing developments on such sites.
Key facts
- The Urban Redevelopment Authority (URA) awarded the Berlayar Drive site to Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd.
- The site was offered for sale on a 99-year lease term.
- The site spans 25,263.2 m² and allows for residential development.
- The maximum permissible gross floor area (GFA) is 35,369 m².
- The successful tenderer paid $576,778,554.00, which is $16,307.46 per square metre of GFA.
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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