Singapore Real Estate and Property

Sunday, July 27, 2008

URA gives go-ahead for three hotels

July 26, 2008
URA gives go-ahead for three hotels
A number of residential projects also get the nod
By KALPANA RASHIWALA

A STRING of residential, commercial and industrial projects received
provisional permission from the Urban Redevelopment Authority (URA)
in the second quarter of this year.

URA also gave the nod in Q2 for the development of 110,790 sq metres
of business park space.

Far East Organization unit China Classic received provisional
permission to build a 384-room hotel at Cross Street, while Hotel
Plaza got the nod for a 345-room hotel at Upper Pickering Street.

Resorts World at Sentosa got the go-ahead to build a hotel with 1,352
rooms as well as 45,090 sq m of retail space in the central zone of
its integrated resort.

Residential projects that received URA's provisional permission in
April-June this year include Frasers Centrepoint's 717-unit condo at
Lakeside Drive in the Boon Lay area, Chip Eng Seng's 372-unit condo
at Elias Road in Pasir Ris; and UOL/Peak Century's 643-unit condo at
Simei Street 4. All these projects have 99-year leasehold tenure.

EC Prime Pte Ltd - controlled by Melvin Poh, Tan Koo Chuan and Saw
Pik Kee - received approval to develop 228 apartments at Alexandra
Road.

URA also gave the nod in Q2 for the development of 110,790 sq m of
business park space in three new projects - to Soilbuild Group
Holdings to develop a facility named Solaris at Ayer Rajah
Avenue/Fusion Walk (42,780 sq m); to Lawrence Leow's Crescendas
Bionix Pte Ltd to develop 41,200 sq m at Biopolis Phase 3; and to
Ascendas for a project at Changi Business Park Crescent (26,810 sq
m). Business park space can meet the office needs of some firms, for
example, backroom operations, URA noted.

Provisional permission for multiple-user factories were also granted
for projects at Commonwealth Drive and Jalan Tepong. Trio Link
Development clinched approval for a 21,570 sq m industrial
development at Playfair Road.

UOB Kay Hian Trading obtained URA's go-ahead for its transitional
office development at Anthony/ Scotts roads (13,020 sq m).

URA also gave provisional permission to Ritzland Investment for
12,050 sq m of offices at Mountbatten Road.

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