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SINGAPORE: The Urban Redevelopment Authority has invited developers to express their interest in a land parcel in Simei Street 4.

The site is on the URA's Reserve List - which means it will be released for sale if a developer offers to bid at a minimum price acceptable to the government.

The parce, located close to Simei MRT station, sits on more than 3 hectares and is zoned for residential development.

It has a gross plot ratio of 2.3 which can generate a maximum permissible gross floor area of about 75,000 square metres.

The 99 year leasehold site can accommodate 645 homes. - CNA /dt