White site at Woodlands Ave 2 'likely to require deep pockets'
The large mixed-use site has development restrictions, so only consortiums or Big Boys are likely to bite: observers
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BIDDERS for the white site at Woodlands Avenue 2 made available for application under the Government Land Sales (GLS) reserve list are likely to be limited to consortiums and major developers with deep pockets, say market observers.
This comes from the land parcel being big and tied to some development restrictions. The site is being lined up as a key anchor in the upcoming 100-hectare Woodlands Regional Centre, which is to be developed into a commercial hub over the next 15 years.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
