The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Fortune may favour the bold in Jurong Lake District mega site tender

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Jul 3, 2023 · 03:11 PM
    • Despite the hefty price tag, leading developers should seriously consider participating in the tender for the master developer site at Jurong Lake District.
    • Despite the hefty price tag, leading developers should seriously consider participating in the tender for the master developer site at Jurong Lake District. URA

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CAPITAL is expensive, and the capital commitment will be huge, but leading developers should seriously consider taking on the 6.5 hectare white site in the Jurong Lake District, which was recently launched for tender by the Urban Redevelopment Authority (URA).

    As part of URA’s decentralisation strategy, Jurong Lake District will be developed into Singapore’s largest business district outside the city centre to cater to varied business needs.

    The 99-year leasehold site up for tender comprises three plots of land between Jurong East MRT interchange station and the future Jurong Lake District station. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore propertyURASingapore commercial propertyOfficesSingapore officesProperty developersThe Level Ground

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Keppel DC Singapore 7 and 8 (above). Portfolio occupancy of the Reit stands at 95.6%, with a reversion of about 51%.

    Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More