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URA invites applications for white site above Farrer MRT
By Loh Kim Chin, Channel NewsAsia | Posted: 29 August 2006 2236 hrs

SINGAPORE : The Urban Redevelopment Authority is inviting applications from developers to put up a reserve site at Race Course Course Road for tender.

The land parcel is located directly above the Farrer Park MRT Station.

It sits on about 1.4 hectares and has a gross plot ratio of 4.2 to yield a maximum permissible gross floor area or GFA of over 57,000 sq metres.

The 99-year leasehold site is zoned "white", with a minimum 40 percent of the maximum permissible GFA to be allocated for hotel use.

The developer can choose to develop the remaining GFA for residential, serviced apartment, retail and other commercial uses.

Under the Reserve List system, a site will only be put up for tender if there is a minimum bid price that is acceptable. - CNA /ct