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MND moves Holland Rd site to reserve list, adds Woodlands office site to reserve list
THE commercial and residential site at Holland Road, originally placed on the current second half 2014 confirmed list, will be moved to the reserve list of the first half 2015 Government Land Sales (GLS) Programme.
Announcing this on Thursday morning, Ministry of National Development said a concept and price revenue tender will be adopted for this site. This is to ensure that the site's future development enhances the unique charm and distinctive urban village character of the Holland Village Identity Node.
This will be the first sale site to be launched as part of the Holland Village Extension plan unveiled in the Master Plan 2014. Transferring the site to the reserve list will give developers more time to study the site and tender evaluation criteria before triggering it for sale.
Unlike confirmed list sites, which are released according to schedule, sites on the reserve list are launched for tender upon successful application by a developer.
The government will also be releasing a second commercial site in Woodlands Regional Centre at Woodlands Square for sale via the reserve list of the H1 2015 GLS Programme. "This will sustain the development momentum of Woodlands Regional Centre as a major commercial node outside the city, in line with the government's objective of decentralising employment centres to bring job opportunities closer to homes," MND said.
The H1 2015 reserve list will have two other sites for predominantly office developments. The white site at Marina View and commercial site at Beach Road will be carried over from the H2 2014 reserve list. "Together with the Woodlands Square site, these sites will allow developers to initiate the development of more office space if they assess that there is demand," MND said.