Developers can start bidding for hotel site at Short Street

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

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