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No small strata office, retail units allowed for Beach Road site

URA says at least 70 per cent must be for offices; it has put a cap on space for retail. Consultants say price will go past S$1,000 psf ppr

Kalpana Rashiwala

Published Wed, Nov 26, 2014 · 09:50 PM

Singapore

A MINIMUM 70 per cent office component has been stipulated for the commercial site next to Shaw Tower along Beach Road.

Small strata office or retail units will not be allowed in this 99-year leashold site, which has just been made available for applications by developers through the reserve list.

Market watchers estimate that its price will come in at more than S$1,000 per square foot per plot ratio (psf ppr) if it were to go on the market today.

The site is on the reserve list for the current second-half 2014 Government Land Sales Programme.

Sites on this list are launched for ten…

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