URA offers white site above Outram Park MRT station
By Loh Kim Chin, Channel NewsAsia | Posted: 27 June 2007 2047 hrs
SINGAPORE : The Urban Redevelopment Authority is inviting applications from developers for the white site directly above the Outram Park MRT station.
The 99-year leasehold site at the junction of Outram Road and Eu Tong Sen Street sits on 26,000 square metres.
It has a gross floor area of over 143,000 square metres.
At least 50 percent of the total gross floor area will have to be set aside for office use and at least another 20 percent for hotel use.
Property consultant CB Richard Ellis says it expects the site to fetch about $650 to $700 per square foot per plot ratio. - CNA/ch