No_1_January_1969 — Page 20

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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