URA awards land sale at Lorong Puntong to Eco World Development
The Urban Redevelopment Authority has awarded the land sale at Lorong Puntong to Eco World Development. The site was offered for sale on a 99-year lease term.
The Urban Redevelopment Authority (URA) has awarded the land sale at Lorong Puntong / Sin Ming Avenue to Eco World Development (S) Pte. Ltd. The site was launched for tender on 25 June 2026 and closed on 15 September 2026. The successful tenderer will develop the site on a 99-year lease term.
URA land sale details
The site at Lorong Puntong / Sin Ming Avenue has an area of 4,283.4 m² and allows for residential development. The maximum permissible gross floor area (GFA) is 11,994 m². The tendered price was $208,099,000.00, which is $17,350.26 per square metre of GFA.
What this means for project managers
The tender award marks the next step in the development process for the site. Project managers should now focus on planning and obtaining necessary approvals. The URA’s decision highlights the demand for residential development in the area.
Key facts
- The URA awarded the land sale at Lorong Puntong / Sin Ming Avenue to Eco World Development (S) Pte. Ltd.
- The site was launched for tender on 25 June 2026 and closed on 15 September 2026
- The maximum permissible gross floor area (GFA) is 11,994 m²
- The tendered price was $208,099,000.00, which is $17,350.26 per square metre of GFA
- The site was offered for sale on a 99-year lease term
Source
Tender award for URA sale site at Lorong Puntong / Sin Ming Avenue
URA Media Releases · 18 September 2026 · This brief is a summary in our own words. Read the original for the full text.
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