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URA to launch tender for hotel site at <b>Bukit Merah</b> | Singapore New <b>...</b> Posted: 23 Sep 2011 10:01 AM PDT After receiving a committed minimum bid of S$98 million from an unnamed developer, the Urban Redevelopment Authority (URA) announced yesterday that it will put up a hotel site at Jalan Bukit Merah / Alexandra Road for sale through a public tender. The site was made available for sale through the reserve list system on 16 August 2007. The URA noted that as the minimum price committed by the developer is acceptable to the government, it will be launched for sale. With a lease term of 99 years, the hotel site has a total area of 7,946.2 sq m and a maximum permissible gross floor area (GFA) of 22,249 sq m. It has a maximum building height of 163m above mean sea level. Located at the junction of Alexandra Road and Jalan Bukit Merah, the site is linked to the rest of the island through Ayer Rajah Expressway (AYE) and is served by the nearby Queenstown and Redhill MRT stations. It is also situated near major tourist attractions, including Mount Faber, Orchard Road, Sentosa and Vivo City. The URA will launch the public tender for the hotel site in about two weeks and the tender period will be eight weeks. To contact the journalist, you may send your message to editor@propertyguru.com.sg View original post here: http://www.propertyguru.com.sg/property-management-news/2011/9/31268/ura-to-launch-tender-for-hotel-site-at-bukit-merah '); --> |
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