The Singapore Land Authority (SLA) has received a successful application to put up for public tender the reserve site at Jalan Bukit Ho Swee, located adjacent to the Tiong Bahru Plaza and MRT station.

The applicant has given his written undertaking to take part in the public tender and to submit a bid of not less than $48,000,000.00. The identity of the applicant cannot be disclosed in accordance with the procedures laid down in the reserve list system.

Accordingly, SLA will proceed to launch the public tender for the site in about 2 weeks' time. The actual date will be announced later. Tender participants will be given 4 weeks to submit their bids.
The land parcel at Jalan Bukit Ho Swee has a site area of 5,348 sq. m and can be developed into a residential development with a maximum gross floor area of 22,461.6 sq. m. It is conveniently situated at the heart of Tiong Bahru and is within walking distance of the Tiong Bahru market. Please see Annex A for more details and Annex B for the location.

More details of the land parcel at Jalan Bukit Ho Swee and the reserve list system are available on SLA's website at www.sla.gov.sg/Services/PurchaseofStateLand/SLALandSales/ScheduleofSaleLaunches.aspx or http://www.dtz.com.sg/

DTZ Debenham Tie Leung is SLA's sole marketing agent for the land parcel at Jalan Bukit Ho Swee.

Issued by:
Singapore Land Authority
7 February 2003