Tuesday, April 26, 2011

Developers get provisional nod for projects

Business Times: Tue, Apr 26
(SINGAPORE) The Urban Redevelopment Authority has granted, in the first quarter of the year, provisional permission for a string of projects across property types - residential, commercial, industrial and hotel.


A Hong Fok Corporation unit has clinched approval to develop an office block on the surface carpark site behind the group's International Building at Orchard Road. The proposed project can yield about 161,100 square feet in gross floor area. The approval is understood to be for a 23-storey development that will incorporate car park lots on the lower floors.


Keppel Land unit Mansfield Developments has got the URA's nod to redevelop Keppel Towers and GE Tower in the Hoe Chiang Road/Tanjong Pagar area into a project with 590 apartments and about 16,800 sq ft of retail space.


Lend Lease's project at Jurong Gateway Road is approved for about 345,800 sq ft of offices and 416,800 sq ft of retail space.


Chee Swee Cheng group has clinched URA's nod for a 221-room hotel at Bideford Road (on the Wellington Building site).


Hotel Grand Central group has approval to redevelop its existing namesake hotel at Cavenagh Road into two hotels of 472 rooms and 256 rooms.


In the industrial property segment, Procter & Gamble International Operations Pte Ltd has clinched provisional permission to develop a factory with about 334,760 sq ft in GFA at Biopolis Phase 4.


Ascendas-Citramas has approval for a business park development at Portsdown Road and Ascendas Land has URA's nod for another business park development at Science Park Drive of about 850,000 sq ft.


Jurong Shipyard bagged approval for a 981,129 sq ft facility at Tuas South Boulevard. Bayshore Green Pte Ltd, a Far East Organization unit, has approval to build a 183-unit condominium and 23 strata terrace houses on Telok Kurau Road.


Macly Equity Pte Ltd won approval for a 274-unit condo on Lorong 28 Geylang. Developers of several sites sold at Government Land Sale tenders last year won the URA's provisional permission to develop these sites - at Hougang Avenue 7, Woodgrove Avenue, Punggol Central, Pasir Ris Drive 3/4.


Ho Bee and IOI also clinched provisional permission in Q1 for its 302-unit condo on the Pinnacle Collection site at Sentosa Cove.


Wing Tai unit Wincheer Investment bagged approval for its 496-unit Foresque Residences condo at Petir Road which is expected to launch soon.

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