URA awards tender for New Upper Changi Road site
The Urban Redevelopment Authority has awarded the tender for the New Upper Changi Road site to United Venture Development (Daisy) Pte Ltd and CL Sapphire 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 site at New Upper Changi Road to United Venture Development (Daisy) Pte Ltd and CL Sapphire Pte Ltd. The site was launched for tender on 15 May 2026 and closed on 1 September 2026. The site is available for sale on a 99-year lease term. The site area is 30,769.0 m², with a maximum permissible gross floor area (GFA) of 86,154 m². The successful tenderer paid $1,425,388,000.00 for the site, which is $16,544.65 per square metre of GFA. The URA has provided details of the awarded site and the successful tenderer in its release.
Key facts
- The Urban Redevelopment Authority (URA) awarded the tender for the New Upper Changi Road site to United Venture Development (Daisy) Pte Ltd and CL Sapphire Pte Ltd.
- The site was launched for tender on 15 May 2026 and closed on 1 September 2026.
- The site is available for sale on a 99-year lease term.
- The site area is 30,769.0 m², with a maximum permissible gross floor area (GFA) of 86,154 m².
- The successful tenderer paid $1,425,388,000.00 for the site, which is $16,544.65 per square metre of GFA.
Source
Tender award for URA sale site at New Upper Changi Road
URA Media Releases · 4 September 2026 · This brief is a summary in our own words. Read the original for the full text.
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