SingLand gets URA provisional nod to redevelop Clifford Centre in Raffles Place
The approval given is for 492,000 sq ft gross floor area of offices and 52,000 sq ft of retail space
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CLIFFORD Centre, an ageing office and retail property in Raffles Place that once housed the Stock Exchange of Singapore, Bank of America and the Robinson’s Downtown Store, is headed for a redevelopment.
Its owner, Singapore Land Group, obtained the Urban Redevelopment Authority’s (URA) provisional permission in February to redevelop the 999-year leasehold site into about 492,000 sq ft gross floor area (GFA) of offices and 52,000 sq ft of retail space. The combined GFA of 544,000 sq ft will be about 36 per cent more than Clifford Centre’s existing GFA of 401,138 sq ft as stated in SingLand’s latest annual report.
The total GFA is roughly 15 times the site area of 36,000 sq ft, in line with the 15.0 plot ratio for the commercial-zoned site stipulated under the URA’s latest Master Plan.
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