URA To Sell Two Transitional Office Space Sites In The East

Source : Today, Tuesday, November 27, 2007

The URA yesterday announced the sale of two transitional office sites at Mountbatten Road and Aljunied Road/Geylang East Avenue 1 to ease the office space supply crunch in the short to medium term.

With a site area of 2.12 ha, the land parcel at Mountbatten Road can yield a maximum gross floor area of 20,000 sq m.

It is situated beside the site of the future Mountbatten MRT station on the Circle Line, expected to be completed by 2010.

The second land parcel at Aljunied Road/Geylang East Avenue 1 sits on a 1.88-ha site adjacent to the Aljunied MRT station. It can yield a maximum permissible gross floor area of 18,885 sq m.

Both sites are available on 15-year leases.

The office buildings that can be developed on these two sites are subjected to three-storey height restrictions.

The tender for the Mountbatten Road site closes at noon on Jan 9, 2008, while the tender for the Aljunied Road/Geylang East Avenue 1 land parcel closes at noon on Jan 16.

The successful tenders will be based on tendered land price only.