URA has launched a F&B site at Punggol Point for sale by public tender on Dec 4. The 124,933 sq ft site has a maximum permissible gross floor area (GFA) of 32,292 sq ft, inclusive of an outdoor refreshment area. The maximum building height is two storeys and its lease period is 15 years.

Punggol Point has been envisioned as a rustic coastal recreation destination with activities and attractions to enhance its waterfront location.

The release of the site for an F&B development will complement existing and upcoming attractions in the area such as the horse-riding centre and the development of Coney Island as a regional park.

The tender for the site will close at noon on Feb 26, 2013. Selection of the successful bidder will be based on the tendered land price only.

This story first appeared in The Edge Singapore weekly edition of Dec 10-16, 2012.

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