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Jalan Besar Plaza up for public tender for a fourth time

JALAN Besar Plaza was launched for public tender for a fourth time on Thursday, said the marketing agent for the tender, Huttons Asia.

The owners last put up the freehold mixed-use development for tender on Oct 10, 2017.

The site, which has a land area of 4,927.8 sq m and has an existing approved GFA of 16,694 sq m, is zoned for commercial and residential use under the URA Master Plan.

No development charge is payable for the site.

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Said Huttons: "The owners are expecting a price of S$380 million, which translates to a land rate of S$2,115 psf ppr for 40 per cent commercial use and 60 per cent residential use on the approved GFA of 16,694 sq m."

The site is a five-minute drive to the CBD, and is in the vicinity of Kallang Riverside Park and Jalan Besar Stadium.

The existing development is a 16-storey building with a three-storey commercial podium, and comprises 44 residential apartments and 111 commercial units.

The public tender for Jalan Besar Plaza closes on June 5 at 3.30 pm.

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