Sunday, October 21, 2012

URA awards Jalan Sultan tender at S$331m

Forward Land has been awarded the tender for a hotel or commercial and residential site (with a minimum hotel component) at Victoria Street/Jalan Sultan by the Urban Redevelopment Authority (URA).

The 8,423.2 sq m site (pictured) received a top bid of S$331.34 million from Forward Land, which works out to S$10,696.19 psm on the gross floor area (GFA).

The public tender was launched on 16 August and closed on 11 October, with a total of nine bids received for the 99-year leasehold site.

The site is centrally located near the historic districts of Kampong Glam and Little India, and is easily accessible via the nearby Lavender MRT station.

View the original article here

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