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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
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Published Tue, Dec 11, 2018 · 09:50 PM
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.
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