Tag Archives: Beach Road

Govt to release 19 land sites yielding 8,770 homes

To meet the demand for private residential units and commercial space over the next few years, six confirmed and 13 reserve list sites will be released in the Government Land Sales (GLS) Programme for the first half of 2015, according to the Urban Redevelopment Authority (URA).

These sites will generate up to 8,770 homes, including 1,010 executive condominium (EC) units.

Around 3,020 homes can be generated from the confirmed list, including one EC site of 490 units. The plots are located in the Outside Central Region (OCR) and Rest of Central Region (RCR).

The reserve list consists of nine private residential sites (including one EC site), one commercial and residential site, two commercial sites and one White site. Altogether, they could yield some 5,750 residences and 265,000 sqm gross floor area of commercial space.

Located at Holland Road, the commercial and residential site is the first one to be launched under the Holland Village Extension plan unveiled in the Master Plan 2014. According to URA, a Concept and Price Revenue Tender will be adopted for this site. This is to ensure its future development enhances the unique charm and distinctive urban village character of the Holland Village Identity Node.

The other two commercial plots are at Woodlands Square in Woodlands Regional Centre and at Beach Road.

The site in Woodlands will sustain the development momentum of Woodlands Regional Centre as a major commercial node outside the city. It is also in line with the government’s objective of decentralising employment centres to bring job opportunities closer to homes.

The White site at Marina View is slated for mainly office development. Together with the Beach Road and Woodlands Square sites, it will allow developers to build more office space if there is demand.

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Beach Road office building put up for sale

700 Beach Road, an office building in the Central Business District, has been put up for sale.

Its marketing agent Jones Lang LaSalle says the indicative price for 100 percent strata interest in the property is S$120 million.

700 Beach Road comprises 67,429 square feet of strata area and is currently fully occupied.

Jones Lang LaSalle says the property sits on a commercial zoned site of 18,400 sq ft and existing plot ratio of 4.2, held in 55 strata title units.

It also has obtained provisional outline planning permission for conversion to hotel use.

Ashish Manchharam, Head of Investments, South East Asia at Jones Lang LaSalle said, “With the growing number of large scale developments in the vicinity including South Beach, Ophir-Rochor site and the Sports Hub, we expect there will be strong interest from owner occupiers, investors and hotel owners.”

Jones Lang LaSalle adds that the property can potentially yield over 200 hotel rooms to meet demand from increasing tourist arrivals.

The development’s proposed sale by Expression of Interest will close at 3pm on 5 July 2012.

Source : CNA – 2012 May 30