Developers invited to put site at Upper Pickering Street up for tender

The Urban Redevelopment Authority is inviting developers to apply to put the reserve site at Upper Pickering Street up for tender.

The 7,000 square metre site at the junction of New Bridge Road and Upper Pickering Street is earmarked for a hotel development.

It has a gross plot ratio of 4.2 and can yield a maximum gross floor area of over 29,000 square metres.

Part of the 99-year leasehold site can be built up to 20 storeys.

Under the government Land Sales programme, a site on the Reserve List will only be put up for tender if there has been a bid with an acceptable minimum price.

Source: Channel NewsAsia, 20 December 2006 

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