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Keen interest seen for Martin Place site

Eight to 16 bids expected; consultants forecast top bid will be in the S$930-1,200 psf ppr range; URA stipulates maximum of 450 units for project

Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Apr 28, 2016 · 09:50 PM
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Singapore

A RARE District 9 private housing site being offered at a state tender is generating much buzz in the market.

The developer of the nearly 1.6-hectare site located at the corner of Martin Place and River Valley Close may build 450 units at most - subject to a maximum gross floor area of 480,306.75 square feet.

Part of the site has a 20-storey height restriction, while the rest of the plot has a 30-storey height limit.

While the maximum of 450 units allowed for the project is understood to be due to traffic con…

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