SINGAPORE - The Urban Redevelopment Authority (URA) launched on Thursday (April 28) a residential site at Martin Place for sale by public tender.

The 99-year leasehold site comes under the confirmed list of the Government Land Sales (GLS) Programme for the first half-year.

The 15,936.1 square metre plot has a maximum gross floor area of 44,622 sqm and can potentially yield about 450 units, said URA.

The site is near the future Great World MRT station and River Valley Primary School.It is also within a well-established residential area featuring condominiums like Martin Place Residences.

Tender for the land parcel will close at 12 noon on June 28.