Yanlord unit receives URA’s nod to develop serviced apartments, offices, retail space in Anson Road

THE rejuvenation of the Anson Road locale in the central business district is set to receive a boost. UE Bizhub Tower, a 23-storey freehold office tower, could make way for a new project comprising serviced residences along with offices and a small amount of retail space.

United Engineers (UE), part of Yanlord Land Group , bagged the Urban Redevelopment Authority’s (URA) provisional permission in June to redevelop the 28,163 sq ft site into a project with 157,917 sq ft gross floor area (GFA) of offices, 4,736 sq ft of retail space and 255 serviced apartments.

Located at 79 Anson Road, the property’s existing GFA of about 289,185 sq ft exceeds the 236,566 sq ft based on the 8.4 plot ratio designated for the commercial-zoned site under URA’s current Master Plan.