Mapletree to build $250 million industrial facility in Paya Lebar
Property firm Mapletree Investments plans to build a $250 million industrial facility with office and retail space in Paya Lebar, it said on Friday.
This will be on a plum multi-use industrial site in the Paya Lebar iPark, which is a 15ha industrial park near Tai Seng MRT.
The plot is zoned as a Business 2-white site. White sites - where multiple uses are permitted - are rare.
It has a maximum gross floor area of 443,796 sq ft, of which about 28.6 per cent is zoned for "white" use.