The Urban Redevelopment Authority (URA) has launched the sale of two transitional office sites at Scotts and Anthony Roads in the Newton area.
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The sites are being released under a government programme to meet the near-term demand for office space.
The two parcels are located next to the Newton MRT station.
The first site has an area of some 0.86 hectares and can yield a maximum gross floor area of about 13,000 square metres.
The second adjacent site spans about 0.9 hectares with a maximum gross floor area of some 13,500 square metres.
Both sites, released on short terms leases of 15 years, can accommodate buildings of up to 4 storeys each.
The URA had already awarded three transitional office sites over the last six months at Scotts Road, Tampines Avenue 5 and Mountbatten Road.
These sites will together provide 47,186 square metres of office space. – CNA/ch
Source : Channel NewsAsia – 28 Feb 2008