Source : TODAY, Wednesday, October 24, 2007
The Urban Redevelopment Authority (URA)will launch for public tender in two weeks a
0.14ha commercial site at Jalan Sultan consisting of 17 two-storey conservation shophouses after a developer committed a bid of not less than $7.8 million for the site.
The sale will add “vibrancy” to the Kampong Glam Historic District, as any successful tenderer will be required to restore and reconstruct the shophouses, said the URA.
The units are being sold as a single land parcel and “is very suitable” for hotel or office use.
Meanwhile, the Singapore Land Authority yesterday launched for sale a 16,000-sq-m parcel of land for residential development at Woodlands Avenue 2 and Rosewood Drive, which can potentially accommodate a five-storey condominium with a gross floor area of 22,400 sq m.
The completed development is expected to attract HDB ugraders in the Woodlands and Sembawang areas and cater to the expatriate community.
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