Prime land at Ophir Road/Rochor Road up for sale

Prime land at Ophir Road/Rochor Road up for sale

A white site at Ophir Road and Rochor Road has been launched for sale by public tender today.

 

Releasing details of the tender, the Urban Redevelopment Authority said the 2.7 hectare prime site is envisioned to be an exciting mixed use cluster.

 

It will comprise integrated developments with office, hotel, retail, entertainment and residential uses.

 

The site will also have direct basement level connections to the new Bugis

Interchange MRT station.

 

New developments there are supposed to inject vibrancy and form a new office cluster for financial and business institutions.

 

The office cluster at the white site will complement the existing financial district at Raffles Place and Marina Bay.

 

It will have a maximum permissible gross floor area, or GFA, of about 160 thousand square metres.

 

But in line with the planning visions for the Ophir-Rochor Corridor, the proposed development must have at least 40 percent of the total GFA for office use.

 

At least 15 percent of the total GFA must be set aside for hotel use with the remaining for office, hotel or other complementary commercial and residential uses.

 

Another condition imposed is that the development proposal for the site will be subject to review by a Design Advisory Panel as part of the subsequent planning approval process.

 

URA says this is to ensure a well designed development of appropriate quality and standard.

 

The land parcel has been launched for sale under the confirmed list of the Government Land Sales Programme.

 

Closing date for the tender is 3 December.

 

Source: 938Live

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