By Kristie Neo | Posted: 07 November 2012 1928 hrs

SINGAPORE

The Urban Redevelopment Authority (URA) launched a residential site at Alexandra View for sale by public tender on Wednesday.

The 99-year leasehold site was made available for sale through the Reserve List System on 26 September 2012.

Under the Reserve List System, a site will only be put up for tender if the developer’s minimum bid price is acceptable to the government.

URA said a developer has committed to bid no less than S$223 million for the land parcel.

With a land area of 0.65 hectares, the residential site can generate a maximum gross floor area of 31,857 square metres.

The land parcel is located within the central region and a short drive away from the Central Business District, Orchard Road, Marina Bay and the Southern Waterfront area.

The tender for the site will close at 12pm on 11 December 2012.

– CNA/ms