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.

http://business.asiaone.com/A1MEDIA/...152334_vic.jpg

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.

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

This is the next hot area !! :-)

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]

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

There is a V-hotel just a stone throw from here.

Quote:

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Originally Posted by carbuncle

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

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Quote:

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Originally Posted by DC33_2008

There is a V-hotel just a stone throw from here.

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different, this one not pronounced vee but wee like how toothless old folks say it

Every floor will have a 5th column.

Sorry to hijack this thread but I can't start new thread...

Anyone knows what's being built on that plot of land on Beach Road between Parkview and Gateway? The one in the land exchange deal with Malaysia? I see everything larded up and lots of activity but no signboard anywhere..

M+S is Building a mix dev of hotel resi office n retail