URA awards tender for Lorong Puntong site to Eco World
The Urban Redevelopment Authority has awarded the tender for the Lorong Puntong site to Eco World Development. The site was offered for sale on a 99-year lease term.
The Urban Redevelopment Authority (URA) has awarded the tender for the site 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 site is available for sale on a 99-year lease term. The successful tenderer will develop the site for residential purposes. The site area is 4,283.4 m², with a maximum permissible gross floor area (GFA) of 11,994 m². The tendered price is $208,099,000.00, which is $17,350.26 per square metre of GFA.
The URA’s tender process ensures that the site is developed in line with urban planning goals. The development will contribute to the area’s residential growth. The successful tenderer must comply with all relevant planning and development regulations. The URA will oversee the development to ensure it meets the required standards.
The tender award reflects the competitive nature of the market for urban land. Developers must demonstrate strong financial and technical capabilities to secure such projects. The URA’s approach supports sustainable urban development and efficient land use.
Key facts
- The Urban Redevelopment Authority (URA) awarded the tender for the Lorong Puntong / Sin Ming Avenue site to Eco World Development (S) Pte. Ltd.
- The site was launched for tender on 25 June 2026 and closed on 15 September 2026.
- The site is available for sale on a 99-year lease term.
- The maximum permissible gross floor area (GFA) is 11,994 m².
- The tendered price is $208,099,000.00, which is $17,350.26 per square metre of GFA.
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.
Ai-Deal answers questions on planning rules, submissions and timelines for Singapore renovation projects.
Ask Ai-Deal about this rule for your projectThis brief summarises an official document in our own words. It is not legal, financial or professional advice, and Ai-Deal is not affiliated with the agency that issued it. Check the linked source before acting on it.