The Urban Redevelopment Authority (URA) launched the second land parcel1 in Paya Lebar Central for sale by public tender today. This mixed-use site, which comprises office, retail and residential uses, can generate about 165,000 sqm of gross floor area (GFA) and will be a key development in the Paya Lebar Central.
As part of our decentralisation strategy, commercial clusters outside the city centre are created to provide job opportunities closer to homes, and reduce congestion and travelling times to and from the city centre.
Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre with a mix of office, retail and residential developments and attractive public spaces. The precinct has about 12 hectares (ha) of land available for development and a total potential commercial floor space of about 500,000 sqm.
Paya Lebar Central will provide an attractive and accessible location for businesses that prefer to be located outside the Central Business District. The area is shaping up well with new developments such as Paya Lebar Square, One KM and the Workforce Development Agency’s Lifelong Learning Institute. Together with the Geylang Serai Market and the future Wisma Geylang Serai, the developments will enhance the Geylang Serai Precinct which has traditionally been a cultural and commercial hub for the Malay community. Please refer to Annex 1 for more information on Paya Lebar Central and details of these developments.
Located next to Paya Lebar Interchange MRT station, the 3.9 ha site at Paya Lebar Road / Sims Avenue enjoys direct connection to both the Circle Line (CCL) and East-West Line (EWL) stations, as well as excellent frontage along Paya Lebar Road, Sims Avenue, Tanjong Katong Road and Geylang Road. The development of the site will continue Paya Lebar Central’s transformation into a major commercial centre at the city fringe.
Artist’s impression of sale site at Paya Lebar Central
The future development is envisioned to be a quality mixed-use development comprising office, retail and residential uses. At least 90,000 sqm of the maximum permissible GFA of the development will be set aside for office use. The remaining GFA can be for additional office, retail, entertainment, food & beverage (F&B) and residential uses that will contribute to the attractiveness of the development as a destination for business and leisure.
Geylang River, a key feature in the plans for Paya Lebar Central, provides opportunities for attractive public spaces. The future development will incorporate a public plaza next to Paya Lebar MRT station and a landscaped pedestrian mall along and over the section of the Geylang River that flows through the sale site. These public spaces, which will be linked by comprehensive networks of pedestrian walkways, cycling paths and park connectors, can stage public events and be the focal points of activities for the local community, pedestrians, shoppers and businesses.
Artist’s impression of future developments integrated with Geylang River
Artist’s impression of the future plaza beside Paya Lebar MRT Station
The details of the land parcel and the location plan are provided in Annexes 2 and 3 respectively. More details of the site are available on the URA website: http://www.ura.gov.sg/uol/land-sales-repository/Sites/payalebar-sims-cl.aspx
A tender period of about twenty-two (22) weeks will be allowed for the land parcel at Paya Lebar Road / Sims Avenue. The tender will close at 12 noon on 31 March 2015. Selection of the successful tenderer will be based on the tendered land price only.
Developer’s Packets are available at $107 (inclusive of GST) each. These can be purchased from Customer Service Counter on 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. Developer’s Packets can also be purchased via URA-online (delivery charges applicable) at http://www.ura.gov.sg/LspWeb
1 The first sale site at Paya Lebar Road/Eunos Road 8 was launched for tender on 27 January 2011 for commercial use, and was successfully awarded to the highest tenderer on 27 Apr 2011