Friday, November 28, 2008

Jurong East Reserve Site Available For Application

Source : The Business Times, November 28, 2008

Urban Redevelopment Authority on Friday made available for application a 'white' site next to Jurong East MRT Station through the reserve list.

The 1.9 hectare site can be developed into a maximum gross floor area of about 1.15 million sq ft, of which at least 30 per cent must be set aside for office use and the rest for additional office use or other uses permitted under the white site zoning such as commercial (for example, retail and entertainment), hotel and residential uses.

The 99-year leasehold plot is the first sale site being offered in URA's Jurong Gateway precinct since URA unveiled plans for the Jurong Lake District earlier this year. Jurong Gateway is the commercial hub of the Jurong Lake District.

'Given its strategic location, it is vital that the proposed development on the first sale site in Jurong Gateway is a well designed landmark development with appropriate quality. Hence, the design of the proposed development will be reviewed by a Design Advisory Panel (DAP), chaired by URA. The DAP will work with and guide the development team in the design of the development after the tender has been awarded,' URA said.

Under the government's reserve list system, a site will only be put up for tender if the developer's indicated minimum bid price in his application is acceptable to the government. When the site is put up for tender, a tender period of about 16 weeks will be allowed before tender closes.

The tender for the Jurong East site will be awarded on the basis of land bids.

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