URA closes tender for food and beverage site at Punggol Point

The Urban Redevelopment Authority (URA) closed the tender for the food and beverage site at Punggol Point on Tuesday.

The site, which was launched for public tender on Dec 4 last year, attracted a top bid of $11,368,800 from Fragrance Group Limited for the 11,606.6 sq m site.

The URA said that it has not awarded the tender yet, and will make a decision after the bids have been evaluated.

The site has 3,000 sq m in gross floor area and will be sold with a lease term of 15 years.

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