Bottle Tree Park site set to see changes
China-based firm secures site's lease, plans to build leisure park attraction
Published on Jul 30, 2014 9:16 AM
It took about a decade to grow Bottle Tree Park from a largely empty plot of land to a rustic watering hole that drew a loyal crowd attracted to its simple kampung feel.
But change is afoot again for this sleepy corner of Yishun, whose lease has been extended several times since it was supposed to end in 2012.
A new management, which outbid the current one by more than two times, is expected to take over next month and transform the 7ha plot into a leisure park attraction with more food and beverage outlets and activities such as camping and fishing.
China-based Fullshare Group earlier this month secured the site's lease with a bid of $169,000 a month, more than double the $72,200 rental guide issued by the Urban Redevelopment Authority. The current management of the park, Bottle Tree, submitted a bid of $68,000.
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