No strata shops, offices for Holland Rd plot
URA reveals detailed evaluation criteria as part of the dual-envelope tender for the site
Singapore
INDIVIDUALLY strata-titled shop and office units will not be allowed in the landmark mixed-development project on the Holland Road site on the reserve list that has just been made available for application. This is to maintain the quality of the project and its public spaces.
The nearly 2.3-hectare site will have two zones. Zone 1 (for residential use) can be developed into a maximum 570 units based on an average unit size of 70 sq m (about 753 sq ft) as stipulated for sites outside the Central Area. The residential units are allowed to be individually strata titled for sale.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2