White site at Thomson/Irrawaddy Road grabs 9 bids
Top bid was a whopping $492.5m.
According to a release, the Urban Redevelopment Authority (URA) closed the tender for the White site at Thomson Road / Irrawaddy Road today.
The site at Thomson Road / Irrawaddy Road was launched for public tender on 4 October 2012. It was originally made available for sale through the Reserve List system on 30 November 2011.
On 21 September 2012, URA announced that it had accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year lease term.