Technology and development hub Singapore Science Park is set to get its first residential project, a 300-unit condominium.
The planned condominium, on a site of about 0.7ha, will be linked to Kent Ridge MRT station via Geneo, an integrated development that will fully open in 2025, said the business park's master developer and operator CapitaLand Development (CLD).
On May 17, the Urban Redevelopment Authority (URA) published a proposed masterplan amendment to rezone a plot of land next to one of Geneo's five buildings from business park use to residential use with a plot ratio of 4.1, and other ancillary uses.
The proposed amendment indicates that CLD has received inprinciple approval from URA for the planned condominium at 71 Science Park Drive - a site formerly occupied by the Defence Science and Technology Agency from 2000 to 2018. The agency's building was demolished in 2020.
CLD said the project will broaden housing options for professionals who work within the business park, and could attract potential buyers working in the vicinity at one-north, the National University of Singapore and National University Hospital.
The firm's managing director for investment and development Chew Peet Mun said in an interview with The Straits Times that the condominium should be completed in three to four years, if development approvals are granted without hiccups.
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