Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: Victoria Street land parcel launched for public tender

  1. #1
    Join Date
    Mar 2012
    Posts
    4,990

    Default Victoria Street land parcel launched for public tender

    Thursday, Aug 16, 2012
    AsiaOne

    Victoria Street land parcel launched for public tender

    A 0.84 ha site at Victoria Street has been launched for sale by public tender, the Urban Redevelopment Authority (URA) said on Thursday.

    The land parcel located near Lavendar MRT station was made available for sale through the Reserve List system in 2007.

    On August 1, URA announced that it had received an application from a developer to put up the land parcel for tender, with a commitment to bid at a price of not less than $148,688,550.


    The site is expected to yield 30,977 sqm in gross floor area (GFA) and can be used for a hotel or a commercial and residential development with minimum hotel component.

    Tender for the site will close at 12 noon on October 11 and selection will be solely based on land price.

    A minimum bid of $148,688,550 is required.

  2. #2
    Join Date
    Mar 2012
    Posts
    4,990

    Default


  3. #3

    Default

    FORWARD Land yesterday emerged as the highest bidder in a state tender for a plot at the corner of Jalan Sultan and Victoria Street.

    The offer for the 0.84 hectare site, zoned for hotel development or commercial and residential development, came from the Choo family, which has a stable of hotel brands that include Hotel 81, Value and V.

    Its bid of $331.34 million, or $993.71 per square foot per plot ratio (psf ppr), pipped the one from a Hoi Hup-Sunway tie-up, which at $303.68 million ($910.77 psf psf ppr) was 8.3 per cent lower.

    The tender drew nine bids in all.

  4. #4

    Default

    This site is ver close to a white site status as it can be a hotel, commercial, residential. Max height about 30 storeys.

  5. #5

    Default

    This is the next hot area !! :-)

  6. #6
    Join Date
    Sep 2008
    Posts
    2,647

    Default

    this place all the while is a hot zone.. if u visit the URA colorful gallery and check the masterplan website for growth areas [http://www.ura.gov.sg/MP2008/beach_road.htm]

  7. #7
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    So since the land is shaped like wedge, can build a V on Victoria

  8. #8

    Default

    There is a V-hotel just a stone throw from here.
    Quote Originally Posted by carbuncle
    So since the land is shaped like wedge, can build a V on Victoria

  9. #9
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Quote Originally Posted by DC33_2008
    There is a V-hotel just a stone throw from here.
    different, this one not pronounced vee but wee like how toothless old folks say it

  10. #10

    Default

    Every floor will have a 5th column.

Page 1 of 2 12 LastLast

Posting Permissions