URA releases commercial site at Beach Road

The Urban Redevelopment Authority (URA) has released a two-hectare commercial site at Beach Road for sale, under the Reserve List of the second half of the Government Land Sales (GLS) Programme.

The site fronts Beach Road, Rochor Road and Nicoll Highway, and has a 99-year lease period.

In a press release issued on Wednesday (Nov 26), URA said the future development on the land parcel can go up to 45 storeys and will have a gross floor area of about 88,000 square metres. About 70 per cent of this floor area will have to be set aside for office use.

URA added that the site is envisaged to provide high quality office space with complementary uses that can meet the needs of the financial and business services.

Source : Channel NewsAsia – 26 Nov 2014

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