Thursday, August 02, 2012

Jalan Sultan site triggered from URA's reserve list

The Urban Redevelopment Authority (URA) has accepted an application from a developer who committed a minimum bid of S$148.69 million to launch the public tender for a site at the junction of Victoria Street and Jalan Sultan.

Made available through the reserve list on 25 April, the 0.84-ha land parcel has a maximum permissible gross floor area (GFA) of 30,977 sq m.

The successful tenderer could develop a hotel or commercial and residential development on the 99-year leasehold site.

It is located near the Kampong Glam and Little India Historic Districts as well as Lavender MRT station and provides easy access to the shopping and entertainment precincts of Bras Basah, Bugis and Orchard Road.

The tender for the site is expected to be launched in about two weeks and last for approximately eight weeks.

View the original article here

Article You Might Like

No comments:

Post a Comment