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Holland Rd mixed-use site available for application on reserve list
THE Urban Redevelopment Authority (URA) on Friday announced the detailed conditions for the mixed-development site at Holland Road and made it available for application by developers on the reserve list.
In addition URA released on Friday a private residential site along Jurong West Street 41 (Parcel B) for sale, while HDB will launch an executive condominium (EC) site in Woodlands Avenue 12 for sale on Dec 16, 2014. Both sites are under the confirmed list.
All three 99-year leasehold sites are being offered under the second half 2014 Government Land Sales Programme.
The commercial and residential site in Holland Road is the first sale site under Holland Village Extension plans. The site can have a maximum gross floor area of 59,715 square metres, of which the retail component will be capped at 13,500 sq m. The project is estimated to yield about 570 homes. There will be varying height zones in the project, ranging from three to 35 storeys.
The proposed mixed-use development will offer more retail and dining options to enhance the area's buzz and provide more residences for those wishing to live in the heart of Holland Village, URA said.
"A network of pedestrianised streets and public spaces will connect seamlessly with the surrounding lorongs and the housing estate beyond... The new development will build on and reinforce the continued success of Holland Village while creating new community spaces for people to gather and interact," URA said.
As a reserve list site, the plot will be launched for tender only upon successful application by a developer. A dual-envelope tender system, which URA has also adopted for some other strategic sites, will be used for the sale of the Holland Road site.
Tenderers are required to submit their concept proposals and tender prices in two separate envelopes. The concept proposals will be first evaluated against a set of criteria specified in the tender. Only tenderers that meet the criteria will be considered for award.
At the second stage, the price envelopes of the proposals with acceptable concepts will be opened for consideration. The site will then be awarded to the tenderer with the highest bid price among those with acceptable concept proposals, URA said,
Evaluation criteria in the first phase of the process include the overall development concept, layout of building form and massing, quality of architecture and landscaping, and connectivity including to the Holland Village MRT Station.
The tender for the Jurong West St 41 private housing site will close on March 10, 2015, while that for the EC site in Woodlands Avenue 12 will close on Feb 12, 2015.