On 11 December 2018, the Urban Redevelopment Authority (URA) made available a 2.75 ha “white site” in the Woodlands Regional Centre for application under the Reserve List of the Government Land Sales programme for the second half of 2018.
According to Nicholas Mak, executive director at ZACD Group, due to the complexity and development restrictions of this land parcel, the bidders would likely be limited to consortiums of major developers, real estate funds and developers that are linked to REITs.
He added: “In the coming months, this reserve list site is unlikely to be triggered for tender because there are other sites competing for developers’ interest, such as the sites at Pasir Ris Central and Marina View.”
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