Friday, August 17, 2012

Jalan Sultan site launched for public tender

A reserve list site slated for hotel or commercial-residential development at Victoria Street / Jalan Sultan (pictured) has been launched for public tender, according to the Urban Redevelopment Authority (URA).

The 8,423.2 sq m site is expected to yield a maximum permissible gross floor area (GFA) of 30,977 sq m. It was triggered for sale on 1 August after an interested developer committed a minimum bid of S$148,688,550.

Located near two Historic Districts – Little India and Kampong Glam – the site provides easy access to entertainment and shopping precincts via the Lavender MRT station.

The tender for the site will close on 11 October 2012.

View the original article here

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