S$90 MILLION URBAN RENEWAL PROJECTS
Land Parcel Ref:
A
Kallang Park
B
Kallang Park
୯
Kallang Park
D
1. Reduction of property tax from 36 per cent. to 12 per cent. for a period of 20 years;
Kallang Park
PR
RIVATE developers are being of- fered "maximum opportunities" to participate in bold new plans by the Singapore Government to carry out a comprehensive slum clearance and urban renewal programme for large areas of the city.
Initially the Government is inviting private enterprise to carry out 14 urban redevelopment projects on strategic sites, These are likely to involve a total investment of over $$90 million.
Developments planned for the 14 sites range from hotels, offices, shopping centres and restaurants to amusement centres and apartment blocks. A breakdown of the 14 sites, their areas and the proposed develop- ments are given in The Schedule on this page.
As an inducement to private inves- tors, the Government is offering many concessions. Among these are:
The Schedule
The following are the sites in designed urban renewal areas earmarked for private development:
Location
Development Proposed
350 bedroom hotel with shopping complex and other amenities.
Approx. Site Area in sq. ft.
150,000
14,400 with restaurant
Floating restaurant and
refreshment area.
built over
sea.
Amusement centre ice skating
327,600
rink bowling centre.
Exhibition centre.
408.700
E
"Golden Mile" at
350 bedroom hotel with
96.700
Beach Road
shopping complex.
per cent. repayable over a ten-year period, without interest;
2. A low down-payment of 20 per cent, for land, with the balance of 80
F
"Golden Mile" at
Luxury apartments.
275,300
Beach Road
G
Collyer Quay
3. The sites to be handed over
vacant for development:
Multi-storey carpark for 700 cars together with shopping complex and restaurant.
54,500
4. Priority in the clearance of building plans:
I'
5. The provision of simulated plans for the guidance of developers: and
(Site A)
N
6. Exemption from property tax payment for a period of six months, plus one month per storey of the building to be constructed.
P
Q
Chin Swee Road Redevelopment People's Park at New Bridge Road
"Golden Mile" at Beach Road
Havelock Road Outram Road
Office building.
19,300
•
Flats and shopping complex
111,500
and other commercial use.
350 bedroom hotel cum shopping complex.
Flats.
141,100
127.200
Closing Date
R
Havelock Road,
200 bedroom hotel with
76.200
Sale of the sites is being made by public tender, the closing date being October 16, 1967. Tenders are being invited on the price per sq. ft. for a lease of 99 years.
Outram Road
shopping complex.
S
Havelock Road/
Outram Road
150 bedroom hotel with shopping complex.
40,100
T
Havelock Road/ Outram Road
38.800
The Singapore Housing and De- velopment Board is acting as the agent of the Government. The Board states: "Selection of tenders will not be based solely on the premium offered but will also be judged on the overall economic return and design merits of the scheme",
Information about the sites and the form of tendering is now available in brochures showing all 14 projects in general, These brochures cost S$50 a copy. In addition, "Developers packets" showing full details of a specific site are on sale at $100 per packet.
In connection with the sale of the
Far East Architect & Builder August, 1967
sites an
150 bedroom hotel with shopping complex.
exhibition of models and plans for the various developments is being held during office hours at the Housing and Development Board's Office, 6th Floor, Princess House, Alexandra Road, Singapore. It is un- derstood that groups from Hong Kong, Japan and Manila have already visited the exhibition.
Making the first announcement of these urban renewal plans recently, Singapore's Minister for Law and Na- tional Development, Mr. E. W. Barker, said it was intended that work
on the projects should begin as soon as possible and that all 14 projects should be completed in three years. Then further sites would be offered.
A tenderer who planned to carry out any of the projects had three al- ternatives, he said. "He may adopt the sketch plans provided by the Government, or he may amend them. or reject the Government plans and submit his own. Thus a certain flexi- bility is allowed so long as the de- veloper bears in mind the nature of the project intended for the area."
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