43 Expressions of Interest received for Development of URA’s Peel Street/Graham Street Project (Site A)
The Urban Renewal Authority (URA) received a total of 43 Expressions of Interest for Site A of the Peel Street/Graham Street project when the invitation for submission closed today (Tuesday).
A tender review panel under the URA Board will shortlist the qualified developers, taking into consideration their experience and financial capability to undertake the development in accordance with the requirements and criteria set by the URA. The URA will soon invite the qualified developers to submit tenders for the development based on the principal tender terms approved by the URA Board earlier.
The project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site A situated on Peel Street, which covers a site area of about 890 square metres. Upon completion, it is planned to provide about 116 residential units with a total residential gross floor area of about 7,830 square metres, and a gross floor area of about 1,460 square metres for a multi-purpose activities hall and commercial purposes. The site will also provide a public open space of not less than 300 square metres for the enjoyment of the general public.
The successful tenderer will be required to develop the project in compliance with the standard and quality requirements, the environmentally-sustainable provisions and "smart" provisions in respect of home energy and water consumption system, home health and wellness system, smart display, home waste management system, building information modelling, and building management system, etc. as set out in the development agreement to create a sustainable living environment.