carbuncle
17-08-12, 10:25
Thursday, Aug 16, 2012
AsiaOne
Victoria Street land parcel launched for public tender
A 0.84 ha site at Victoria Street has been launched for sale by public tender, the Urban Redevelopment Authority (URA) said on Thursday.
The land parcel located near Lavendar MRT station was made available for sale through the Reserve List system in 2007.
On August 1, URA announced that it had received an application from a developer to put up the land parcel for tender, with a commitment to bid at a price of not less than $148,688,550.
The site is expected to yield 30,977 sqm in gross floor area (GFA) and can be used for a hotel or a commercial and residential development with minimum hotel component.
Tender for the site will close at 12 noon on October 11 and selection will be solely based on land price.
A minimum bid of $148,688,550 is required.
AsiaOne
Victoria Street land parcel launched for public tender
A 0.84 ha site at Victoria Street has been launched for sale by public tender, the Urban Redevelopment Authority (URA) said on Thursday.
The land parcel located near Lavendar MRT station was made available for sale through the Reserve List system in 2007.
On August 1, URA announced that it had received an application from a developer to put up the land parcel for tender, with a commitment to bid at a price of not less than $148,688,550.
The site is expected to yield 30,977 sqm in gross floor area (GFA) and can be used for a hotel or a commercial and residential development with minimum hotel component.
Tender for the site will close at 12 noon on October 11 and selection will be solely based on land price.
A minimum bid of $148,688,550 is required.