URA unveils first mixed-use site under Holland Village Extension scheme

It could yield 570 residential units.

The Urban Redevelopment Authority (URA) today released details about the first mixed-use site under the Holland Village Extension plans.

The site is zoned for residential and commercial use and could yield a total of 570 residential units and a maximum of 13,500 square meters of retail space.

A Concept and Price Revenue tender system will be adopted to evaluate the tenders received for the commercial & residential site at Holland Road.

Under this system, tenderers are required to submit their concept proposals and tender prices in two separate envelopes. The concept proposals will be first evaluated against a set of criteria specified in the tender. Only tenders that meet the criteria will be considered for award.

At the second stage, the price envelopes of the proposals with acceptable concepts will be opened for consideration. The site will then be awarded to the tenderer with the highest bid price among those with acceptable concept proposals.

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