The Urban Redevelopment Authority (URA) has given its approval for a proposal to voluntarily conserve Golden Mile Tower. This would only take effect if the 99-year leasehold development is successfully sold in a collective sale and a developer plans to redevelop the property.
Based on documents that EdgeProp Singapore has obtained, the government has stated that if a developer agrees to conserve the existing cinema block, they may consider increasing the site’s allowable Gross Plot Ratio (GPR) from 4.46 to 5.6, taking into account the current site area of 93,902.5 square feet.
This would also result in the redevelopment being allowed a greater Gross Floor Area (GFA) of 525,854 square feet, a significant increase from the current GFA of 419,142 square feet. Furthermore, the voluntary conservation plan would also permit a higher maximum building height of 164 meters, which is higher than the current limit of 145 meters for the …