Holland Rd plot to have dual office-residential use component
The interchangeable dual use for the newly-launched site aims to create a vibrant 'live, work and play' setting
Singapore
THE Urban Redevelopment Authority (URA) is allowing a dual office/residential use component in the plum Holland Road site that it has just launched for tender.
The dual use, aimed at creating a vibrant "live, work and play" setting, will be considered as part of the project's commercial gross floor area (GFA), URA indicated in the tender conditions for the site.
Each unit for this component is allowed to be used for both office and/or residential uses interchangeably without planning permission - the first time that URA is allowing this in a Government Land Sale (GLS) site.
Despite the commercial and residential site's plum location near Holland Village MRT Station, most property consultants expect fewer than…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases