URA launches sale of two transitional office sites in Newton area

The Urban Redevelopment Authority (URA) has launched the sale of two transitional office sites at Scotts and Anthony Roads in the Newton area.

The sites are being released under a government programme to meet the near-term demand for office space.

The two parcels are located next to the Newton MRT station.

The first site has an area of some 0.86 hectares and can yield a maximum gross floor area of about 13,000 square metres.

The second adjacent site spans about 0.9 hectares with a maximum gross floor area of some 13,500 square metres.

Both sites, released on short terms leases of 15 years, can accommodate buildings of up to 4 storeys each.

The URA had already awarded three transitional office sites over the last six months at Scotts Road, Tampines Avenue 5 and Mountbatten Road.

These sites will together provide 47,186 square metres of office space. - CNA/ch

Source : Channel NewsAsia - 28 Feb 2008