Business Times: Sat, Jul 28
SEVERAL large projects bagged Urban Redevelopment Authority's (URA) provisional permission (PP) in the second quarter of this year, including the two mega developments in the Marina and Rochor/Ophir Road locations by the Khazanah Nasional-Temasek Holdings tie-up, M+S Pte Ltd.
A group led by GuocoLand also clinched URA's provisional approval in April for a mixed development on a site above Tanjong Pagar MRT Station that it won at a state tender in November 2010. The approved scheme comprises 98,820 sq m (or 1.06 million sq ft) gross floor area (GFA) of offices, 10,660 sq m (or 114,743 sq ft) of shops, 189 hotel rooms as well as 189 apartments.
Also in April, M+S received PP for its mixed development at Ophir/Rochor Roads comprising 670 apartments, 350 hotel rooms, 64,010 sq m of offices and 4,650 sq m of retail space.
In May, the consortium clinched PP for its Marina One project at Marina Way/Straits View, which will comprise 208,310 sq m of office space, 12,030 sq m of shop space and 1,006 apartments.
Meanwhile, The Seletar Mall Pte Ltd (a tie-up between Singapore Press Holdings and United Engineers) last month clinched URA's PP to build 17,840 sq m of shopping space at Sengkang West Avenue/Fernvale Road.
At Lavender Street, PLC 8 Development bagged PP to develop 12,840 sq m of shopping facilities and 73,200 sq m of multiple-user factory space in April.
In the same month, Sim Lian received PP for a retail-residential development at Jelebu/Petir Roads. The approval is for 558 apartments and 10,630 sq m of retail space.
In Q2, JTC Corporation received PP for CleanTech Two, which will have GFA of 22,440 sq m. LTH Logistics Singapore received PP for a 64,460 sq m warehouse development at Banyan Drive. Evonik Methionine SEA Pte Ltd received PP to build a factory at Banyan Avenue.
Residential projects that received PP in Q2 include ECO at Bedok South Avenue 3, a project by Far East Organization, Frasers Centrepoint and Sekisui House that will be built on a plot that they bought at a state tender earlier this year. The approved scheme will comprise 717 condo units and 34 strata terrace houses.
Q2 also saw URA giving PP to Hoi Hup group for a project at Kovan/Simon Roads comprising 378 condo units and 15 strata terrace houses, and to SP Setia International for a 437-unit condo along Chestnut Avenue. Mount V Development - a Hong Leong Holdings, City Developments and TID partnership - too can build an 867-unit condo at Mount Vernon Road under PP granted in April.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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