Sites in designated urban renewal areas carmarked for private development:
THE SCHEDULE
Approx. Site Guide Value
Area in
Land Parcel
Location
Proposed Development
of Land
Reference:
sq. ft.
per sq. ft.
1.
Chin Swee Road
Office/Hotel/Shopping
45,600
S$17
2.
Chin Swee Road
Office/Shopping
31,400
S$16
3.
New Bridge Road/ Office/Apartments/
58,900
S$20
Outram Road
Shopping
Tras Street/Peck
Office/Hotel/Shopping
41,600
S$15
Seah Street
5.
Penang Road/
Office/Hotel/Showrooms/ 72,500
S$25
Fort Canning Road Car Park
6.
Cecil Street/
Office/Shopping
14,900
S$30
Stanley Street
7.
Shenton Way/
Office/Showrooms
32,000
S$45
McCallum Street
8.
Shenton Way
Office/Hotel/Shopping
35,380
S$50
9.
Shenton Way
Office/Hotel/Shopping 35,380
S$50
10.
North Bridge Road/ Office/Shopping/Car
60,350
S$50
High Street/North Park
Boat Quay
11.
Synagogue Street/ Office/Showrooms/Car
44,600
$$30
Philip Street
Park
12.
Anson Road/Parsi Office/Showrooms
12,250
S$32
Road
13.
14.
Shenton Way
Office/Hotel/Shopping 35,380
S$50
Shenton Way
Office/Hotel/Shopping
35,380
S$50
Developers' Singapore
THE Singapore Government, acting through the agency of the Housing and Development Board, is now offering a further 14 sites to private developers under its urban renewal programme.
As with the first 14 sites, for which the Board invited public tenders in the summer of 1967, many special con- cessions are made to prospective de- velopers. These include: a down pay- ment of 20 per cent. (inclusive of the 5 per cent. deposit on tender) on signing of the building agreement, with the balance of 80 per cent of the tendered premium spread over 10 years without interest; property tax assessed at the rate of 12 per cent for a period of 20 years, and exemption from prop-
erty tax payment for a period of six
B
24
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Far East BUILDER, January 1969.
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