THE Urban Redevelopment Authority (URA) has launched for sale a commercial and residential site along Jalan Anak Bukit, near Beauty World MRT Station, under a dual-envelope tender system.
The 3.22 hectare site, which is on the confirmed list of the first-half 2020 government land sales programme, can potentially yield about 845 private homes. It can generate up to 1.04 million square feet of gross floor area.
URA will offer a longer tender period of nine months for developers to make their assessment and prepare the tender submission in view of the ongoing Covid-19 situation. The tender for this site will close at noon on March 30, 2021.
Under the concept-and-price tender approach, bidders are required to submit their concept proposals and tender prices separately. The concept proposals will first be evaluated against a set of criteria specified in the tender; the three broad categories of the evaluation criteria are: quality of design concept, quality of public realm, and the track record of the developer and design teams.
URA said that “only compelling concept proposals” will be shortlisted to proceed to the second stage of evaluation, which will be based on price only. “Tenderers are encouraged to propose quality concepts that are closely aligned with the planning vision for the site, while submitting a competitively-priced bid,” it added.
Source: The Business Times