URA puts White site at Marina View/Union Street on the reserve list

The land parcel will have a maximum permissible gross floor area of 101,628 square meters.

The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a White site at Marina View / Union Street today. The subject land parcel is made available for application under the Reserve List of the second half 2011 Government Land Sales Programme. Developers interested in purchasing the site can now apply to URA for it to be put up for tender.

With direct frontage to the planned Central Linear Park linking Marina Boulevard to Straits Boulevard, the land parcel is the third sale site to be made available for sale at Marina View. The first two White sites at Marina View were sold in 2007. The development on the first sale site (i.e. Asia Square Tower 1) was completed earlier this year. The development on the second sale site (i.e. Asia Square Tower 2) is currently under construction, and is scheduled for completion in 2013.

The development on the White site at Marina View / Union Street will contribute to building up the critical mass of office space in the Marina Bay area and developing the precinct as an international business and financial district.

Details of the Land Parcel
The land parcel is ideally located within the Marina Bay area, a vibrant and exciting location to work, live and play in, and adjacent to the existing Central Business District (CBD) at Shenton Way.

With a site area of 0.78 ha, the land parcel will have a maximum permissible gross floor area (GFA) of 101,628 m2 and offers a unique opportunity for a distinctive landmark office development in a prime downtown location. A minimum of 71,140 m2 (about 70% of the maximum permissible GFA) will be stipulated for office use to continue with our momentum to grow Marina Bay into an international business and financial hub. The remaining GFA can be developed for additional office use or other complementary uses such as residential and other commercial uses, such as retail, hotel and entertainment uses.

The site also enjoys direct frontage onto the future Central Linear Park linking Marina Boulevard to Straits Boulevard and has panoramic views of the city skyline and Marina Bay. Well served by the Common Services Tunnel - a comprehensive system of underground tunnels which house and distribute utility service lines, the future office tenants will have access to uninterrupted supply of major utilities, emergency back-up services and the capacity for expansion to meet changing utility needs.