URA releases four sites for sale.
The Urban Redevelopment Authority (URA) has released four sites – which can potentially yield around 1,720 residential units – for sale on Thursday (30 November) under the second half 2017 Government Land Sales (GLS) programme.
The sites at Handy Road and Holland Road are launched for sale under the confirmed list while the sites at Canberra Drive and Mattar Road are made available for application under the reserve list. Envisioned to reinforce the continued success of Holland Village, the 22,967 sq m site at Holland Road is for a mixed use and pedestrian-oriented development.
The URA will adopt a concept and price revenue tender for the site “to shortlist compelling development concepts that are attractive and will complement the adjacent low rise and street-oriented character of Holland Village”.
The tender for the Holland Road site will close on 20 March 2018, while that for the 4,796.2 sq m residential site at Handy Road will close on 30 January 2018.
Meanwhile, the Mattar Road residential site has an area of 6,230.2 sq m and a gross floor area of 18,691 sq m. Measuring 40,881.4 sq m, the residential site at Canberra Drive, on the other hand, has a gross floor area of 57,234 sq m.
All the released sites have a lease tenure of 99 years.
This article was edited by Keshia Faculin.