Singapore govt sells more land to extend CBD
The Singapore government is selling off more land for commercial use and much more will follow, thanks to increasing demand for office space and a large expansion of the Central Business District.
About 98,120 sq meters has been confirmed for sale under the Government Land Sales Programme (GLS) at Paya Lebar Road/Eunos Rd 8 and Robinson Road/Cecil St. A further 102,180 sq meters is on the reserve list. Six new plots of land will be jointly developed at Marina Bay and Ophir Rd / Rochor Rd by M+S Pte Ltd under a recent agreement with Malaysia (potentially 500,000 sq m). Over the next few years, the government plans to continue releasing parcels of land and develop support infrastructure in the Marina Bay area, including extensions to transit lines, tunnels and expressway construction.
source & article: Straits Times
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