Keen interest seen for Martin Place site | Singapore Property

Eight to 16 bids expected; consultants forecast top bid will be in the S$930-1,200 psf ppr range; URA stipulates maximum of 450 units for project

By Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT

Apr 29, 20165:50 AM

Singapore

A RARE District 9 private housing site being offered at a state tender is generating much buzz in the market.

The developer of the nearly 1.6-hectare site located at the corner of Martin Place and River Valley Close may build 450 units at most - subject to a maximum gross floor area of 480,306.75 square feet.

Part of the site has a 20-storey height restriction, while the rest of the plot has a 30-storey height limit.