The Urban Redevelopment Authority (URA) on Tuesday (Jun 30) released detailed sales conditions for the second commercial site at Woodlands Square. The land parcel is available for sale under the Reserve List of the first half 2015 Government Land Sales (GLS) Programme.
The second commercial site will be in the Woodlands Regional Centre and will sustain the development momentum of the precinct as a key commercial cluster outside the city.
The area comprises of two distinctive districts and “will be transformed by the upcoming commercial developments at Woodlands Central and the mixed use business cluster in Woodlands North Coast”, said URA.
When fully developed over the next 10 to 15 years, the Woodlands Regional Centre will offer about 100,000 new jobs and have about 700,000 square metres of commercial space.
The proposed development on the sale site will have at least 60 per cent of the maximum Gross Floor Area – 47,009 sqm – dedicated for office use. Up to 8,000 sqm of GFA can be set aside for retail as well as food and beverage uses, added URA.
There will also be a pedestrian mall which will connect the existing MRT and bus interchange to Causeway Point and Woodlands Civic Centre.
The first commercial site in Woodlands Regional Centre is currently under construction.
Source : Channel NewsAsia – 30 Jun 2015