URA releases sales conditions for Jelebu Rd/Petir Rd site

The Urban Redevelopment Authority (URA) has released detailed sales conditions for a mixed commercial-and-residential site at Jelebu Road and Petir Road.

Located within Bukit Panjang Town Centre, this land parcel is made available for sale on the Reserve List under the second half of the 2010 Government Land Sales Programme.

Developers interested in purchasing the site can now apply to URA for it to be put up for tender.

The land parcel has a site area of almost 19,000 square metres and a maximum gross floor area of over 56,000 square metres.

It is located adjacent to the existing Bukit Panjang LRT station and the upcoming Bukit Panjang MRT Station, and URA said the land parcel is well-positioned to be an attractive commercial and residential development.

It is currently occupied by a bus interchange, which will be redeveloped and integrated within the future development.

To provide more commercial facilities within Bukit Panjang Town, a minimum 35 per cent of the maximum permissible gross floor area for the land parcel is to be set aside for commercial use.

URA said the site will have a lease term of 99 years.

Source : Channel NewsAsia – 26 Nov 2010

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