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URA release of Paya Lebar Central site, with conditions, draws mixed views

Wide range in forecasts: 3 to 8 bids expected with top price anywhere from S$700 to S$1,000 psf ppr

Kalpana Rashiwala

Published Tue, Oct 28, 2014 · 09:50 PM

Singapore

THE Urban Redevelopment Authority has finally released a much anticipated, big-ticket mixed development site in Paya Lebar Central.

Nearly 55 per cent of the project's maximum gross floor area (GFA) of 164,794 square metres (about 1.77 million square feet) has to be for office use. The rest of the space can be for additional office, retail, entertainment, F&B and residential uses.

Small strata office and retail units will not be in play for this project, as URA is limiting the number of strata lots to just five for the entir…

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