No bids received for private housing site in one-north at URA tender
Lacklustre sales this month for nearby project, US tariffs conundrum and site’s location are among factors cited by analysts
[SINGAPORE] For the second time in about a year, no bids were received for a site at an Urban Redevelopment Authority (URA) tender.
Analysts cited site-specific factors, as well as the cautious mood building up in Singapore’s economy following the US tariff announcements, for the no-show at the tender on Tuesday (Apr 29) for a 99-year leasehold private residential site in the Mediapolis area of the one-north precinct.
Media Circle (Parcel B), zoned residential with commercial at first storey, can yield about 500 private homes. The commercial component is capped at 4,306 square feet gross floor area.