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$98 million.
URA said as the minimum price committed for the site is acceptable to the government, it is releasing the Reserve List site for sale by tender.
The land parcel is located at the junction of Alexandra Road and Jalan Bukit Merah and was first put on the Government Land Sales Programme Reserve List four years ago.
The 99-year leasehold land has a site area of about 7,950 square metres and a maximum permissible gross floor area of about 22,250 square metres.
It is linked to the rest of the island via Ayer Rajah Expressway and is served by the nearby Queenstown and Redhill MRT stations.
URA will launch the public tender for the site in about two weeks, and the tender period will be about eight weeks.
Source : Channel NewsAsia – MediaCorp Pte Ltd Copyright
Posted: 23 Sep 2011 06:25 AM PDT
Posted on 23 September 2011.
PropertyGuru.com.sg : After receiving a committed minimum bid of S$ 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.
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