On 30 November, URA launched 2 GLS sites on the confirmed list for sale by tender and released another 2 GLS sites on the reserve list for the application.
The confirmed list sites are located at Sims Drive and Middle Road, whereas the reserve list sites are located at Tan Quee Lan Street and Dairy Farm Walk.
According to Nicholas Mak, executive director of ZACD Group, the sites which will attract keen attention from developers are the ones located in the Bugis area, namely the Middle Road and Tan Quee Lan Street land parcels.
“The sites are sandwiched between the Bugis planning area, that is bustling with retail amenities and tourist attractions, and the City Hall-Suntec City locality which is one of the business district precincts.”
He added that these two sites will contribute to the ongoing development and rejuvenation of the Beach Road and Bugis area. The winning tender price for the sites will also set a new benchmark for land prices in this locality.
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