The Urban Redevelopment Authority (URA) has received a top bid of S$251 million for a residential site at Upper Thomson Road.

The bid was submitted by Treasure Well Investments and works out to about S$5,741 per square metre.

The URA said it received a total six bids with the lowest one at S$135 million.

Among the bidders of the site were Frasers Centrepoint and Sim Lian Land.

The Upper Thomson Road site, located in the vicinity of Lower Peirce Reservoir, has an area of about 2.1 hectares.

It can generate a maximum permissible gross floor area of 43,781 square metres.

The URA said it will announce the decision on the award of the tender at a later date after the bids have been evaluated.

Source : Channel NewsAsia – 5 Nov 2009

Location: 52 Stevens Road (District 10)
Tenure: Freehold
Expected Completion: end 2012
Site Area: 10,682 sqft
Total Units: 20 (1 block of 5 storeys + attic)
Facilities: Lap Pool, Hot Jacuzzi, BBQ Area, Pool Deck

Property Features:
Near Prestigious Schools
Walking Distance to Stevens MRT (u/c)
Excellent Access To City & Orchard via PIE/Bukit Timah Road
Lack of 1 bedrooms in Prime D.10 Bukit Timah
Surronding Sub-Sale hovering above $2000psf
Excellent Rental Yield / Capital Appreciation
Rare Project = Highly Sought After
Affordable Quantum From $8xxk only

Unit Types:
1 bedroom ~ 420 / 474 / 1001 sqft
1+study ~ 495 / 527 /969 sqft
2 bedroom penthouse ~ 1066 & 1313 sqft

Contact us at +65 9090-8533 with the following for more information:

52 Stevens / Name / Contact # / Unit Type Interested