- News
- Market Street to get park, footpaths from Golden Shoe Car Park redevelopment: Lawrence Wong
Market Street to get park, footpaths from Golden Shoe Car Park redevelopment: Lawrence Wong
By Yunita Ong, Business Times / 09-Feb-2018
THE redevelopment of the former Golden Shoe Car Park will feature a 12,500 square foot public park, Minister for National Development and Second Minister of Finance Lawrence Wong said at a groundbreaking on Friday.
Developers CapitaLand, CapitaLand Commercial Trust and Mitsubishi Estate Co, the joint venture partners for the redevelopment, had previously announced plans to turn the site at 88 Market Street, which used to house a popular food centre and car park, into an S$1.82 billion integrated development.
Besides the public space, footpaths along Market Street, Malacca Street and Phillip Street will be widened with added greenery, along with sheltered linkways along Malacca Street between Raffles Place and other developments.
There will also be new cycling paths along these streets, which will connect to upcoming plans planned as part of the Central Area cycling network.
Market Street Food Centre, previously housed at Golden Shoe Car Park, will reopen at the second and third levels.
It will be owned by the Ministry of Environment and Water Resources (MEWR).
Currently, stallholders are operating at an interim food centre on Cross Street.
More News
Strata office deals inch up 1.8% to S$1.2 billion, average price climbs 15% in 2023: Knight Frank
By Samuel Oh, Business Times / 05-Feb-2024
Knight Frank expects the strata office market to run up a total transaction value of S$1 billion in 2024
Read More
DBS puts up shophouses for sale to recover loans amid money laundering probe
By Joyce Lim, The Straits Times / 28-Jan-2024
Market observers noted that FTI’s listings of the 10 shophouses did not indicate a guiding price. They estimated them to be valued at more than $100 million combined
Read More
Islandwide net office demand nearly doubles in 2023, URA central region office index up 13.1%
By Kalpana Rashiwala, Business Times / 26-Jan-2024
Analysts see slowing demand and moderating rental growth though pent-up demand in H2 could provide a boost
Read More
Shophouse market slows amid money laundering scandal; sellers more open to negotiation
By Joyce Lim, The Straits Times / 23-Jan-2024
Meanwhile, leasing activity remained resilient, driven by a recovery in tourism
Read More
Allgreen Properties in exclusive due diligence to buy Seletar Mall
By Kalpana Rashiwala, Business Times / 15-Jan-2024
Word in the market is that the price could be about S$520 million
Read More