Food & beverage site at Punggol Point up for grabs

Tender for the site is open for 12 weeks.

According to a release, the Urban Redevelopment Authority (URA) launched the food & beverage site at Punggol Point for sale by public tender.

Punggol Point has been envisioned as a rustic coastal recreation destination with activities and attractions to enhance its unique waterfront location.

With the opening of Punggol Promenade, Punggol Point Park and the North-Eastern Park Connector Network, Punggol Point today is a popular destination for residents and visitors alike.

Hence, the release of the subject site for a food and beverage development will complement existing and upcoming attractions in the area such as the horse-riding centre and the development of Coney Island as a regional park.

The future eating & recreation outlet with 3,000 sqm of Gross Floor Area (GFA) will also serve the residents and visitors in the area and contribute to the overall vision of Punggol Point as a key recreation destination. The site will be sold with a lease term of 15 years.

A tender period of twelve (12) weeks will be allowed for the land parcel at Punggol Point. The tender will close at 12 noon on 26 February 2013. Selection of the successful tenderer will be based on the tendered land price only.