Limited interest? Zion and Upper Thomson sites get just one bid each

The sites received a bid of $1.11b and $779.56m, respectively.

The tender for two sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B) closed with one bid each.

The sole bidder for the Zion Road (Parcel A) site was the group of CDL-MFA Vega Property and CDL-MFA Altair Property. The group submitted a bid of $1.11b.

Meanwhile, GuocoLand (Singapore) and Intrepid Investments submitted a bid of $779.56m for the Upper Thomson Road (Parcel B) side.

The Urban Redevelopment Authority (URA) launched the public tender for two sites on 4 December 2023 and closed the exercises on 4 April.

URA will announce the award of tender for the sites after reviewing the bids.

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