Virtually the size of 14 football fields, a sprawling 8.2 ha white website at Kampong Bugis about the Government Land Sales (GLS) book list was made readily available for application by the Urban Redevelopment Authority (URA) on 5 December.
Situated in the mouth of Kallang River and situated near to Lavender, Kallang and Bendemeer MRT stations, the 99-year leasehold website has a maximum gross floor area (GFA) of 390,000 sq m, which might yield a maximum of 4,000 housing units, based on URA.
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Meanwhile, the 50,000 sq m of GFA for its Kampong Bugis white website is going to be designated for complementary applications, which might comprise serviced apartments, retail, offices and community applications like a senior action center, in addition to recreational and sports facilities.
The whole precinct is expected to require 11 to 13 years to finish.
The white website, pictured by URA for a prospective waterfront residential precinct that’s car-lite, community-centric and sustainable, will be published for sale to your master programmer. Included in this project, the present Kallang Riverside Park will be improved with new public spaces to better serve the public.
To attract developer interest, URA demonstrated it has drawn up an”alternative scheme”, and it will be a flexible repayment scheme, and also a”phased-development approach” which permits the programmer to stage the development of the website in tandem with marketplace requirement with reduced upfront costs and hazards.
To guarantee that the programmer’s concept proposal is aligned with the government’s vision to the website, the idea and cost revenue tender strategy will be adopted, where theory proposals and tender costs are individually submitted by tenderers.
Only concept suggestions deemed persuasive will be shortlisted to move into the test’s next point, which will then be dependent on cost only.