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URA launches sale tender for residential site at Martin Place

THE Urban Redevelopment Authority (URA) launched on Thursday a sale tender for a residential site at Martin Place under the Confirmed List of the first-half 2016 Government Land Sales (GLS) Programme.

The 99-year lease, 15,936.1 square metre site is located within a well-established residential area, with existing condominiums such as Martin Place Residences and Martin 38. It is also located near the future Great World MRT station.

The site has a maximum gross floor area of 44,622 square metres and a maximum building height of 153 metres above mean sea level. It can potentially yield about 450 residential units.

The tender for the land parcel will close at 12 noon on June 28, 2016.