Mountbatten, Aljunied Office Sites For Sale

Source : The Straits Times, Nov 26, 2007

THE Urban Redevelopment Authority has announced the sales launch of 2 transitional office sites - one at Mountbatten Road, the other at a land parcel bordering Aljunied Road and Geylang East Avenue 1.

The Mountbatten site, occupying 2.12 ha, can yield up to 20,000 sqm of gross floor area. It's also located next to the future Mountbatten MRT station along the Circle Line, which is expected to be ready by 2010.

The Aljunied-Geyland East site is slightly smaller at 1.88 ha, with a maximum gross floor area of 18,885 sqm. Like the Mountbatten site, it's also located at the fringe of the city and adjacent to an MRT station - in this case, Aljunied MRT.

Both sites, said URA, will be sold on short-term leases of 15 years.

"The office buildings on these sites will are expected to be low-rise developments of about 3 storeys that can be quickly built in about a year," it added.

Tenders for the Mountbatten Road land parcel will close at 12pm on Jan 9, while those for the site at Aljunied Road will close exactly one week later on Jan 16.

More details are available at the URA's website.(http://www.ura.gov.sg)