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The Singapore government on Thursday (11 June) announced the second half 2015 Government Land Sales (GLS) programme wherein 277,580 sq m gross floor area (GFA) of commercial space will be released.
The 2H2015 GLS programme will comprises four Confirmed List sites and 13 Reserve List sites. Apart from the commercial space, the sites can also yield up to 7,825 private residential units, including 1,340 Executive Condominium (EC) units.
The Reserve List will include two commercial and residential mixed sites at Holland Road and Bukit Batok West Avenue 6, and two commercial sites at Beach Road and Woodlands Square.
The government is also releasing via the Reserve List a White site at Central Boulevard in Marina Bay.
According to the Urban Redevelopment Authority (URA), “the release of this site will facilitate the continued seamless expansion of the Central Business District at Marina Bay. When developed, the site will complete the streetblock along Shenton Way and enhance pedestrian connectivity in the existing Marina Bay office cluster.”
Meanwhile, the White site at Marina View/Union Street, which had been made available for sale through the Reserve List since October 2011, will be removed from the Reserve List for a review of its development plan, URA added.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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