SINGAPORE - The Urban Redevelopment Authority (URA) on Wednesday (Dec 16) released the detailed sales conditions for a "white site" plot at Central Boulevard that is expected to garner keen interest from developers.
The 99-year leasehold parcel is made available for application under the Reserve List of the second half 2015 Government Land Sales Programme and developers interested in purchasing the site can now apply to URA for it to be put up for tender.
A site in the Reserve List will only be put up for tender if a developer's indicated minimum bid price is acceptable to the government. A "white" site is a plot where a range of uses are allowed, although very often URA will stipulate a minimum component of a specific use or specific uses to meet its planning intentions.
Located within the heart of the new growth area at Marina Bay, the Central Boulevard site measures approximately 1 hectare a gross plot ratio of 13.0.
The site will yield a potential gross floor area (GFA) of about 141,309 square metres and the future building may be built up to a height of approximately 50 storeys.
At least 100,000 sqm of the GFA will be set aside for office use in line with the vision for the Marina Bay. The remaining GFA will mainly be used for complementary uses such as hotels, serviced apartments and or residential uses that contribute to the attractiveness of the development as a destination for live, work and play, said URA.
The land parcel located along Central Boulevard - one of the two main roads within the area connecting to the Central Business istrict (CBD) and Raffles Quay - will also be linked to the surrounding developments, including One Raffles Quay, Asia Square Towers, Marina Bay Financial Centre and the existing office clusters in the Raffles Place and Shenton Way through a comprehensive network of elevated and underground linkages.
The future development will be directly and seamlessly connected to the adjacent Downtown MRT station and linked to Raffles Place Interchange MRT station and the future Shenton Way MRT station.