White site at Thomson/Irrawaddy Road sold for $492.5m
Hoi Hup Realty and partners won.
According to a release, the Urban Redevelopment Authority (URA) has awarded the tender for the White site at Thomson Road / Irrawaddy Road to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup J.V. Development Pte Ltd. The consortium submitted the highest bid in the tender for the site.
Tender for the White site was launched on 4 October 2012 and closed on 4 December 2012. The land parcel was offered for sale on a 99-year lease term.