CapitaLand proposes 300-unit condo for the first residential project in Science Park
Technology and development hub Singapore Science Park is set to get its first residential project in the form of 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 full open in 2025, said the business park’s master developer and operator CapitaLand Development (CapitaLand).
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 CapitaLand has received in-principle approval from URA for the planned condominium at 71 Science Park Drive – a site formerly occupied by the Defence Science and Technology Agency (DSTA) from 2000 to 2018.
CapitaLand 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 condominium should be completed in three to four years, if development approvals are granted without hiccups. In the longer term, CapitaLand wants to make the business park more vibrant by creating a self-contained neighbourhood with homes and recreational amenities near offices, similar to the regional nodes outside the Central Business District that the Government has been developing.
The master developer is also looking at how to intensify the use of land in the 55ha business park, citing how Geneo – which sits on a site of about 6.4ha – will increase the park’s worker capacity from 12,000 to 21,000.
The first phase of rejuvenation took place in the 2010s, with eight older buildings redeveloped into higher-density ones, such as Ascent at 2 Science Park Drive, which was opened in 2016 and includes food and beverage (F&B) outlets, in addition to office spaces.
Geneo, which comprises five buildings, represents the second phase of the business park’s rejuvenation. One building at 5 Science Park Drive opened in 2019 and currently houses Shopee, while 7 Science Park Drive opened in 2024 and has serviced apartments operated by Citadines. The remaining three buildings will open in 2025 and have 3,600 sqm set aside for retail and F&B use.
CapitaLand said introducing a residential component to the park first through Citadines for short and medium-term stays and then the planned condominium for long-term stays will allow the developer to transform Science Park from just “work only” to truly “work, live, play and innovate”.
(Source: The Straits Times)
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