THE Urban Redevelopment Authority (URA) on Tuesday launched the second land parcel in Paya Lebar Central for sale by public tender.
The 3.9 hectare (ha) mixed-use site, which can generate about 165,000 sq m of gross floor area, is slated for office, retail and residential use.
URA said it will be a key development in the Paya Lebar Central, and build upon Paya Lebar Central’s transformation into a major commercial centre on the city fringe.
The plot of land is in a precinct which has about 12 hectares (ha) of land for development and a total potential commercial floor space of about 500,000 sq m.
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Paya Lebar Central will provide an attractive and accessible location for businesses that prefer to be located outside the Central Business District. The area is shaping up well with new developments such as Paya Lebar Square, One KM and the Workforce Development Agency’s Lifelong Learning Institute.
Together with the Geylang Serai Market and the future Wisma Geylang Serai, the developments will enhance the Geylang Serai Precinct which has traditionally been a cultural and commercial hub for the Malay community