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URA launches the tender for the hotel site at Jalan <b>Bukit Merah</b> <b>...</b>

Posted: 04 Oct 2011 08:21 PM PDT

The Urban Redevelopment Authority (URA) has launched the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender today.

The land parcel was made available for sale through the Reserve List system on 16 August 2007. On 22 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $98,000,000 for the land parcel in the public tender.

The land parcel is located at the junction of Alexandra Road and Jalan Bukit Merah at the fringe of the city centre. It is conveniently linked to the rest of the island via Ayer Rajah Expressway and is served by the nearby Queenstown and Redhill MRT Stations. The site is also located near major tourist attractions like Orchard Road, Mount Faber, Vivo City and Sentosa.

The land parcel, which has a site area of about 0.79 ha and a maximum permissible gross floor area of 22,249 sqm, is zoned for hotel development.

The tender for the site will close at 12 noon on 1 December 2011. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $98,000,000 will not be considered.

URA to put up <b>Bukit Merah</b> hotel site for sale

Posted: 22 Sep 2011 10:02 PM PDT

URA to put up Bukit Merah hotel site for sale

Posted: 23 September 2011 0008 hrs

SINGAPORE: The Urban Redevelopment Authority (URA) announced on Thursday that it will put up a hotel site at Jalan Bukit Merah/Alexandra Road for sale via public tender.

It has accepted an application from a developer after receiving a committed minimum bid of S$98 million.

URA said as the minimum price committed for the site is acceptable to the government, it is releasing the Reserve List site for sale by tender.

The land parcel is located at the junction of Alexandra Road and Jalan Bukit Merah and was first put on the Government Land Sales Programme Reserve List four years ago.

The 99-year leasehold land has a site area of about 7,950 square metres and a maximum permissible gross floor area of about 22,250 square metres.

It is linked to the rest of the island via Ayer Rajah Expressway and is served by the nearby Queenstown and Redhill MRT stations.

URA will launch the public tender for the site in about two weeks, and the tender period will be about eight weeks.

- CNA/al

Source : Channel NewsAsia – MediaCorp Pte Ltd Copyright

URA to put up <b>Bukit Merah</b> hotel site for sale | Wealth Bingo <b>...</b>

Posted: 22 Sep 2011 11:57 AM PDT

 
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SINGAPORE: The Urban Redevelopment Authority (URA) announced on Thursday that it will put up a hotel site at Jalan Bukit Merah/Alexandra Road for sale via public tender.

It has accepted an application from a developer after receiving a committed minimum bid of S$98 million.

URA said as the minimum price committed for the site is acceptable to the government, it is releasing the Reserve List site for sale by tender.

The land parcel is located at the junction of Alexandra Road and Jalan Bukit Merah and was first put on the Government Land Sales Programme Reserve List four years ago.

The 99-year leasehold land has a site area of about 7,950 square metres and a maximum permissible gross floor area of about 22,250 square metres.

It is linked to the rest of the island via Ayer Rajah Expressway and is served by the nearby Queenstown and Redhill MRT stations.

URA will launch the public tender for the site in about two weeks, and the tender period will be about eight weeks.

- CNA/al

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Article source: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1154921/1/.html

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