Award of Tender for Commercial Site at Woodlands Square

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The URA has awarded the tender for the commercial site at Woodlands Square to Far East Civil Engineering (Pte) Ltd, Tannery Holdings Pte Ltd and Sekisui House Ltd. The consortium submitted the highest bid in the tender for the site. The land parcel was offered for sale on a 99-year lease term.

Tender Open Date: 17 December 2013
Tender Closed Date: 8 April 2014

Location: Woodlands Square
Allowable Development: Commercial
Site Area: 18.568.8 m2
Maximum Permissible Gross Floor Area (GFA): 64.991 m2
Successful Tenderer: Far East Civil Engineering (Pte) Ltd, Tannery Holdings, Sekisui House Ltd
Tendered Price: $ 633,999,000.00
$ per sqm of GFA: $ 9,755.18
$ per sqft of GFA: $ 906.28

Aerial Photo of Land Parcel at Woodlands Square
Location Plan for Land Parcel at Woodlands Square

Tender Bids Received


Other Information

• First sale site in Woodlands Regional Centre since detailed plans were annouced as part of Draft Master Plan on 20 Novermber 2013. 
• Woodlands Regional Centre will be transformed into a vibrant live-work-play precinct with commercial centre with a mix of office, retail and public spaces. 
• Divided into two distinctive districts - Woodlands Central and Woodlands North Coast.
• Estimated about 100 hectares of land available for development, potentially yield 700,000 sqm of commercial floor space.
• Woodlands Regional Centre will be anchor as key commercial cluster in northern part of Singapore apart from current CBD.
• Estimated to be fully developed within next 10 to 15 years and bringing 100,000 new jobs.
• Walking distance from Woodlands MRT Station which will serve as a interchange between North-South Line and future Thomson Line. 
• Nearby existing developments include Woodlands Civic Centre and Causeway Point with amenities such as retail, food and beverage and entertainment are easily accessible.
• Proposed development of sale site will have at least 90% or 58,492 sqm of total GFA dedicated for office use. 
• Reminder GFA can be set aside for complementary uses such as childcare centre, retail and food and beverage uses. 
• Extensive pedestrian network has also been planned to connect seamlessly to Causeway Point, Woodlands Civic Centre, existing MRT station & bus interchange and also future Thomson Line MRT. 

Source: URA