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URA releases detailed sales conditions for Beach Road commercial site
THE Urban Redevelopment Authority (URA) on Wednesday released the detailed sales conditions for the commercial site at Beach Road that is on the reserve list of the current second half 2014 Government Land Sales Programme.
Located next to Shaw Towers and diagonally opposite the Duo project, the 99-year leasehold site includes the former Beach Road Police Station, which must be restored.
In all, the 2.1-hectare site can be developed into a maximum gross floor area of 950,592 sq ft, of which a minimum 70 per cent or 665,424 sq ft has to be set aside for office use. The retail quantum can be up to 86,111 sq ft.
The site is now available for application by developers.
"The land parcel is located at the fringe of the Singapore city centre and the intersection of two key development corridors along Beach Road and the Ophir-Rochor roads. Fronting Beach Road, Rochor Road and Nicoll Highway, the future development is envisaged to provide high-quality office space with complementary uses that can meet the needs of financial and business services," URA said in a release on Wednesday.
"This new development will also reinforce the area's positioning as an attractive and vibrant mixed-use precinct within the city centre ... the future development on the land parcel can reach a height of 45 storeys ..." URA said.