04 Oct '17, 3am

GuocoLand to build 'futuristic' project at Beach Road site

The land parcel won by tender by developer GuocoLand. (Photo: URA) After winning the tender for the commercial site at Beach Road, GuocoLand revealed plans to transform the site into an “iconic city centre work-live-play destination”. A 70:30 joint venture between GuocoLand and Guoco Group Limited has acquired the Beach Road site for $1.62 billion. Launched for sale on 6 July, the site, which has maximum permissible gross floor area of 88,313 sq m, attracted five bids during the close of its tender on 28 September. URA’s guidelines for the site include an allowance for up to two 45-storey towers. At least 70 percent of the sites’ gross floor area must also be set aside for office space, while the rest can be used for hotel, retail or residential, reported The Straits Times . “We will be introducing a futuristic project that will cater to the changing trends of work-live-pl...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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