- POSTED: 17 Dec 2013 15:36
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The government has launched a commercial site near the Woodlands MRT station for sale by public tender next month.
SINGAPORE: The government has launched a commercial site near the Woodlands MRT station for sale by public tender next month.
This is the first site to be put up for sale in the Woodlands Regional Centre since detailed plans for the area were announced as part of the Draft Master Plan 2013 on November 20.
In a statement on Tuesday, the Urban Redevelopment Authority (URA) said the proposed development on the site will have at least 90 per cent, or 58,492 square metres (sqm), of total gross floor area (GFA) dedicated for office use.
This is in line with plans for the Woodlands Regional Centre to be developed as a major employment centre in northern Singapore.
The remaining GFA can be set aside for complementary uses such as childcare centres, retail and food & beverage uses.
URA said an extensive pedestrian network has been planned to connect the site to Causeway Point, Woodlands Civic Centre, the existing MRT station and bus interchange, as well as the future Thomson Line MRT station in the vicinity.
The tender will close at noon on 8 April 2014.
With about 100 hectares of land available for development, the Woodlands Regional Centre can potentially yield 700,000 sqm of commercial floor space.
This will anchor it as a key commercial cluster in the northern part of Singapore and a business hub for companies that do not need to be located in the central business district.
When fully developed over the next 10 to 15 years, URA said the regional centre will also bring some 100,000 new jobs closer to homes.