URA will release a 99-year leasehold site at Central Boulevard for public tender following a successful application from a developer. The developer is committed to bid at a price of not less than $1.54 billion in the tender, which works out to $1,010 psf per plot ratio. The white site is on the reserved-list of 2H2016 Government Land Sales programme. URA will announce the launch of the public tender for the site later this month.
With a land area of about 1.1 ha, the site will have a maximum permissible gross floor area of 141,294 square metres of which at least 100,000 square metres is for office use.