URA launches tender for land parcel in Paya Lebar Central

The Urban Redevelopment Authority (URA) on Thursday launched the tender for the first land parcel in Paya Lebar Central.

Located at the fringe of the city centre, Paya Lebar Central is slated to become a bustling commercial centre, with a mix of office, retail, hotel and attractive public spaces.

The precinct has about 12 hectares of land available for development in total and a potential commercial floor space of more than 500,000 square metres.

This first land parcel for sale is located next to the Paya Lebar Interchange Station serving the Circle and East-West MRT Lines, and with an excellent frontage along Paya Lebar Road.

The commercial site has an area of almost 15 thousand square metres and maximum gross floor area (GFA) of over 62 thousand square metres.

In line with the plan for Paya Lebar Central to be a major commercial centre, the proposed development on the land parcel will also have at least 80 per cent of the total GFA for office use.

The tender for the site will close at noon on April 21.

Source : Channel NewsAsia – 27 Jan 2011

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