29 Oct '14, 10am

Something to share-

Something to share-

THE Urban Redevelopment Authority has finally released a much anticipated, big-ticket mixed development site in Paya Lebar Central . Nearly 55 per cent of the project's maximum gross floor area (GFA) of 164,794 square metres (about 1.77 million square feet) has to be for office use. The rest of the space can be for additional office, retail , entertainment, F&B and residential uses. Small strata office and retail units will not be in play for this project, as URA is limiting the number of strata lots to just five for the entire office component of at least 90,000 sq m (968,751 sq ft) GFA. This points to an average strata office size of under 200,000 sq ft. For the retail and activity-generating uses, not more than three strata lots will be allowed. The residential component can comprise up to 440 individually strata titled units. Market watchers reckon that URA is not allo...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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