Jtc Awards Tender Kallang Way Capitaland First Industrial Gls Site Adaptive Reuse
Virtual tours introduced at CapitaLand’s industrial properties
The JTC has awarded the contract for an industrial GLS (IGLS) site in Kallang Way to CL Savour Property, a subsidiary of CapitaLand Development, which offered the top bid of $368.901 million. This amount is 14.9% higher than the second highest bid of $317.889 million from a consortium of Soon Hock Group, BHCC Construction and Evermega. It is worth noting that this site, which is the first plot to be designated for adaptive reuse of a former industrial building, currently houses a terrace factory that will be repurposed for continued industrial use.
According to Tang Hsiao Ling, director of urban planning and architecture division at JTC, this integration of adaptive reuse is part of a strategic master plan to rejuvenate the area in a sustainable manner. It also serves as an effective solution for reducing carbon emissions in the built environment while preserving the industrial heritage of the site. This site was launched on June 25 as the last of the five Confirmed List sites in the 1H2024 IGLS programme and received four bids by the closing date on Oct 1.
The URA Master Plan for Tengah not only involves the establishment of residential areas, but also aims to create a well-equipped and thriving community for its residents. Along with housing options, the plan includes the development of various amenities such as shopping malls, schools, healthcare facilities, and community clubs. As a resident of Novo Place Tengah, individuals will experience the convenience of having everything from daily necessities to leisure and recreational activities at their doorstep. Moreover, the modern educational institutions in the town will ensure that families living in Novo Place Tengah have access to top-quality education for their children. With the incorporation of Novo Place Tengah in the development plan, residents can anticipate a diverse and lively community.
The site, which spans 474,772 sq ft and has a maximum gross floor area of 1.23 million sq ft, is zoned as Business 2 under the master plan. It also has a tenure of 33 years. As part of a designated food zone, the new development will feature food manufacturing spaces and retail uses, injecting vibrancy into the industrial area. This development is a testament to the JTC’s commitment towards sustainable urban planning and development.