URA launches tender for the second land parcel in Paya Lebar Central

The Urban Redevelopment Authority (URA) launched the second land parcel in Paya Lebar Central for sale by public tender today.

Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel developments and attractive public spaces. The precinct has in total about 12 hectares of land which can potentially yield 500,000 sqm of commercial floor space. Paya Lebar Central has the potential to be an attractive commercial hub that can cater to businesses that do not need to be located within the CBD.

The land parcel at Sims Avenue/Tanjong Katong Road is located next to Paya Lebar Interchange MRT Station which serves the East-West and Circle MRT Lines, It has excellent frontage along Paya Lebar Road, Sims Avenue, Tanjong Katong Road and Geylang Road. This is the second site to be made available for sale at Paya Lebar Central and will continue the development momentum to transform the precinct into a major commercial hub.

The 2.07 ha site, which can generate about 87,000 sqm of GFA, is envisioned to be good-quality mixed-use development comprising office, hotel and retail uses. At least 40% and 15% of the maximum permissible GFA of the proposed development on the subject site must be set aside for office and hotel use respectively. The remaining GFA can be for additional office, hotel, retail, entertainment or food & beverage uses.

A section of Geylang River flows through the sale site. This provides an excellent opportunity for the successful tenderer to integrate the water body into future development and bring life to the riverbanks. The developer is encouraged to transform the river into a clean, dynamic and aesthetically pleasing waterway as part of the implementation of PUB’s Active, Beautiful, Clean Waters (ABC Waters) Programme. Recreational facilities and communal spaces such as boardwalks, promenades and bridges can be built over the waterway or along the landscaped river banks to enhance the attractiveness and uniqueness of the proposed development.

A tender period of about twelve weeks will be allowed for the land parcel at Sims Avenue/Tanjong Katong Road. The tender will close at 12 noon on 18 October 2011. Selection of the successful tenderer will be based on the tendered land price only.

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