05/02/2022
The government land tender for a mixed-use site at Tanah Merah Kechil Link closed on Oct 29. The tender exercise attracted 15 bids and the highest came from MCC Land (Singapore) which submitted a $248.99 million bid for the 95,583 sq ft site. This translates to $930 psf per plot ratio (ppr) for the 99-year leasehold site.
The 99-year leasehold site is beside Tanah Merah MRT station on the East-West line and will be developed into an integrated development with commercial units on the ground floor and about 265 residential units. The entire development has a maximum permissible gross floor area of 267,633 sq ft.
Source: https://www.edgeprop.sg/property-news/mcc-land-submits-2489-million-bid-mixed-use-gls-site-tanah-merah
