URA released the sales conditions for a white site at Central Boulevard in Marina Bay on last Wednesday. The 1.1 ha plot comes with a minimum 100,000 sq m of the gross floor area (GFA) allocated for office use, while the maximum area for retail use will be capped at 5,000 sq m. The remaining GFA can be developed into residential, commercial – including retail – hotel, serviced apartments or additional office space. The 99-year leasehold site with a gross plot ratio of 13.0 will yield a potential GFA of about 141,309 sq m, with up to 50 storeys or so.
A white site allows a range of uses, although the URA will very often stipulate a minimum component of a specific use to meet planning intentions.
The Central Boulevard site is in the heart of the new growth area at Marina Bay and is on the reserve list of the Government Land Sales Programme for this half of the year.