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The Urban Redevelopment Authority (URA) today released the detailed sales conditions for a reserve site at Jalan Sultan for commercial development. Developers interested in purchasing the site can now apply to URA for it to be put up for tender. The sale site at Jalan Sultan which is located within the gazetted Kampong Glam Conservation Area is one of the sites in the Government Land Sales Reserve List for the second half of 2007 as announced by the Ministry of National Development on 14 June 2007 (http://www.ura.gov.sg/pr/text/2007/pr07-57.html)
Land Parcel at Jalan Sultan
This Land Parcel has a site area of 0.14 ha and consists of 17 units of existing two-storey conservation buildings to be restored. The successful tenderer is required to restore and reconstruct these conservation shophouses in accordance with the Tender Conditions and Conservation Guidelines for Historic District. The sale of the Land Parcel will facilitate the early restoration of the conserved shophouses in the area and add vibrancy to Kampong Glam Historic District. As the 17 units of shophouses are sold as a single Land Parcel, it is very suitable for any investor who wants to develop the shophouses for hotel or office.
Details of the Land Parcel and location plan are given in Annexes A-1 (http://www.ura.gov.sg/pr/graphics/2007/pr07-101a1.pdf) & A-2.
Reserve List System
Under the government’s Reserve List system, a site on the Reserve List would only be put up for tender if a developer’s indicated minimum bid price in his application is acceptable to the government.
Details of the Land Parcel and other sites that are currently available for application on the Reserve List can be found on URA’s website: http://www.ura.gov.sg/sales/KgGlamSep07/KgGlamSep07-intropage.html.
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For media enquiries, please contact:
Ms Serene Tng
Manager, Public Relations
DID: 6329 3224
Email: serene_tng@ura.gov.sg
Annex A-2
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