News
10,497sqm sale site at Bayshore Road awarded to highest tenderer at S$658.88 million
Wow.
March 29, 2025, 10:44 AM
The Urban Redevelopment Authority (URA) has awarded the tender for the site at Bayshore Road to the highest tenderer, Sing-Haiyi Garnet Pte. Ltd, who clinched the site with a S$658.8 million bid.
The site at Bayshore Road was launched for tender on Nov. 26, 2024. The tender for the site closed on Mar. 18, 2025.
The site was offered for sale on a 99-year lease.
The site spans 10,497 sqm. According to The Business Times, the area can generate "515 private homes".
The winning tenderer was Sing-Haiyi Garnet Pte. Ltd, which focuses, among other things, on property development.
Here are the next highest tenderers.
Image from URA
The top bid was less than 1 per cent over the second-highest bid.
Image from Google Maps and URA
