The Urban Redevelopment Authority has launched the tender for the site at Handy Road.
The site is for sale on the Confirmed List under the Government Land Sales Programme for the first half of this year.
The land parcel, measuring about 0.36 hectares, is located next to the Dhoby Ghaut Interchange Station near Plaza Singapura and The Atrium @ Orchard.
It is expected to generate a maximum permissible gross floor area of about 10,034 sqm.
The successful bidder has the option of developing the site for full residential use or residential use together with complementary commercial uses at the first storey.
Source: Channel NewsAsia, 31 January 2007