NEWS RELEASE
For Immediate Release
JTC INVITES PROPOSALS TO DEVELOP PLOT IN CHANGI BUSINESS PARK FOR BUSINESS PARK, RETAIL AND HOTEL
Singapore, 11 June 2008: JTC Corporation (JTC) has launched a Concept and Price Tender for the development of a 4.7 hectare (ha) site, Plot 61, in Changi Business Park (CBP) into an integrated development comprising a business park, retail activities and a hotel.
2 The 4.7 ha site for the integrated development is located at the junction of Changi South Avenue 1 and Changi South Avenue 2. The integrated development will provide space for businesses in high-technology, research and development, high value added and knowledge-intensive activities. The tender was launched to cater to the rising demand for business park space and amenities in CBP where its current population of 6,000 is expected to surge to 20,000 by 2011.
3 Zoned “Business Park-White 40”, the site for the integrated development will yield a total Gross Floor Area (GFA) of 117,515 sqm, of which 40% will be set aside for “White” or commercial activities. Developers can dedicate 45% to 60% within the "White” component to retail activities, with the remaining being set aside for the development of a hotel.
4 Plot 61 is located at the southern portion of CBP which will see upcoming developments such as financial backend facilities. This will certainly inject added vibrancy to CBP, which is already a popular location for the world’s leading companies in software design and development, high technology, and knowledge intensive industries, including companies like IBM, Honeywell, Ultro, Rohde & Schwarz, Credit Suisse, Xilinx and Applied Materials.
5 Interested developers have up to 19 August 2008 to submit their proposals for the site. The site details and location map are listed at Appendices A and B. Tender documents for Plot 61 can be downloaded from GeBiz.
Appendix A
Site details of integrated development @ Changi Business Park
|
47,006 sqm
|
Integrated business park development with retail and hotel |
117,515 sqm |
Business Park – White 40 |
Appendix B
Location plan
About JTC Corporation
JTC Corporation (JTC) is the lead agency in Singapore to plan, promote and develop a dynamic industrial landscape, in support of the nation's economic advancement. Currently, the Corporation has under its management many developments including four wafer fab parks, an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries.
JTC also plays a catalytic role in introducing leading-edge real estate solutions -- such as specialised research facilities and underground caverns -- to anchor important activities critical to the growth of the economy. It is the master developer for one-north at Buona Vista - a 200-hectare development for research and entrepreneurial activities. With a focus on knowledge-intensive activities in the biomedical, infocomms and media industries, one-north is a niche environment for innovation and creativity.
In line with its vision of making Singapore the choice investment location, JTC is committed to providing a pro-business environment for its customers and optimising land resources to meet the needs of industries and enterprises. JTC's home page address is http://www.jtc.gov.sg.