Tag Archives: Short Street

Fragrance Group wins tender for Short Street hotel site

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Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street.

It had submitted the top bid of S$15.5 million for the site.

The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million.

Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land.

The 99-year land parcel, bordering Albert Court near Little India, covers about 12,500 square feet and borders, and can accommodate a 12-storey hotel.

This was the first site launched for tender from the government’s reserve list since it suspended sales from the confirmed list last October.

Source : Channel NewsAsia – 16 Jun 2009

Fragrance Group puts in top bid of S$15.5m for hotel site at Short Street

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Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street.

The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million.

Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land.

Property consultancy CBRE said the strong response signals that hoteliers still believe in the fundamentals of Singapore as a tourist destination and its long-term ability to attract tourists.

The 99-year land parcel covers about 1,200 square metres and borders Albert Court near Little India.

That’s big enough for a 12-storey hotel.

This was the first site launched for tender from the government’s reserve list since it suspended confirmed list sales last October.

URA said it’ll evaluate the bids and announce the tender award at a later date.

Source : Channel NewsAsia – 10 Jun 2009

Developers can start bidding for hotel site at Short Street

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Developers interested in bidding for a 12,900 square foot or 0.12-hectare hotel site at Short Street can start putting in their tender.

The Urban Redevelopment Authority (URA) launched an eight-week long public tender for the land parcel on Wednesday.

This is after the urban planner received an application from a developer to bid for the government land site, which is located within the Bras Basah-Bugis district.

URA said the site can generate a maximum gross floor area of 4,077 square metres and is ideal for boutique hotel development.

The tender will close at noon on June 10. Any tender below the minimum bid price of S$8.8 million will be rejected.

The site was made available for sale through the reserve list under the Government Land Sales Programme on August 26.

Source : Channel NewsAsia – 15 Apr 2009

URA to launch tender for Short Street hotel site

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The Urban Redevelopment Authority (URA) is putting up a 0.12 hectare hotel site at Short Street for tender.

This, after it received an application from a developer to bid for the land parcel, which is located within the Bras Basah-Bugis district.

URA says the site can generate a maximum gross floor area of 4,077 square metres and is ideal for boutique hotel development.

It adds that the bid received came to no less than S$8.8 million.

An eight-week long public tender for the land parcel will be held in mid-April and the launch date is due to be announced later.

The site was made available for sale through the reserve list under the Government Land Sales Programme on August 26, 2008.

Source : Channel NewsAsia – 2 Apr 2009

URA releases sales conditions for reserve hotel site at Short Street

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The Urban Redevelopment Authority (URA) has released detailed sales conditions for a reserve site at Short Street for hotel development.

The site, located within the Bras Basah and Bugis district, is one of two new hotel sites scheduled for release for application under the reserve list of the Government Land Sales programme for the second half this year.

Developers interested in purchasing the site can now apply to the URA for it to be put up for tender.

Under the reserve list system, a site on the list would only be put up for tender if a developer’s indicated minimum bid price in his application is acceptable to the government.

The land area of the site is about 0.12 hectare and can generate a maximum permissible gross floor area of 4,077 square metres.

This makes it ideal for boutique hotel development, URA said.

It has a maximum building height of 12 storeys and will be for lease for 99 years.

Source : Channel NewsAsia – 26 Aug 2008