The Urban Redevelopment Authority (URA) has launched the White Site located at Peck Seah Street And Choon Guan Street for sale by public tender today.

Situated next to the Tanjong Pagar MRT station, the 1.51 ha land parcel is launched for sale as a Confirmed List site under the 2nd half 2010 Government Land Sales Programme.

It occupies a prime location in the heart of the city centre, amidst well-established commercial, hotel and residential developments. Offices of key public agencies, such as the Monetary Authority of Singapore and the Central Provident Fund Board are also located nearby.

The land parcel enjoys a high degree of visibility, located fronting the key junction of several major roads such as Maxwell Road, Cecil Street, Anson Road and Robinson Road. It has the potential of reaching a height of 280m AMSL (Above Mean Sea Level).

With a sizeable gross floor area (GFA) of 157,744 m2 (GFA), the land parcel provides an excellent opportunity for a high-quality mixed use development that will further anchor the precinct as a prominent business hub within the city centre.

A minimum of 60% of the maximum permissible GFA is to be developed for office use to build up the critical mass of office space in Tanjong Pagar area. The developer will also be required to allocate at least another 10% of the maximum permissible GFA for hotel rooms and hotel-related uses, to provide more hotel options in the CBD area and to enhance the vibrancy in the city centre.

The tender will close at 12 noon on November 16 this year.