URA launches tender for Irwell Bank Road residential site.
SINGAPORE - The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday (Oct 31).
The site spans an area of 12,789 square metres (sq m) with a gross floor area of 35,809 sq m.
The 99-year leasehold site can yield about 445 residential units, with a maximum building height of 36 storeys.
It is located within a well-established residential area surrounded by existing condominum developments such as The Cosmopolitan and OUE Twin Peak. According to the SRX real estate portal, nearby freehold condo The Cosmopolitan's last transacted sale in June was at a price of $2,341 per square foot.
The site is near River Valley Primary School, ISS International School and Dimensions International College, and is a few minutes' walk from the Orchard Road shopping and entertainment belt and Great World City.
Adapted from The Straits Times 31 October 2019