The Urban Redevelopment Authority (URA) has launched a hotel site at East Coast Road for sale by public tender. With a gross floor area of about 24,716 square metres, the land parcel is located at the junction of East Coast Road and Joo Chiat Road. The 99-year leasehold plot also contains the former Joo Chiat Police Station, which shall be restored as part of the future hotel development. The...
Hotel
The hotel development site at Havelock Road has attracted nine valid bids at the close of tender on Tuesday. The Urban Redevelopment Authority said the top bid of S$30.09 million was submitted by I Hotel. This translates to a record land price of S$1,303 per square foot per plot ratio (psf ppr). The next three highest bids also reflect bullish sentiment with submissions ranging from S$26 million...
The Urban Redevelopment Authority (URA) will be launching a hotel site at East Coast Road for sale by public tender. The authority said it had accepted an application from a developer for the site to be put up for public tender. The developer had committed to bid at a price of not less than S$160 million in the tender for the land parcel which is located at the junction of East Coast Road and Joo...
The government will be launching a hotel site at Havelock Road for sale by public tender in two weeks’ time. The Urban Redevelopment Authority (URA) said the site on the government's reserve list was triggered for sale after a developer had committed to bid at a price of not less than S$18 million for the site. Under the Reserve List system, a site will only be put up for tender if the developer's...
BIG Hotel, a newly opened 16-storey hotel located at 200 Middle Road, has been put up for sale. The hotel sits on a freehold site of about 20,162 square feet. The development has 308 rooms, 3 retail shops and 40 car parking lots, occupying a total gross floor area of 94,657 sq ft. Marketing agent Colliers International said the sale is subject to the retention of the existing brand name and hotel...
Genting Singapore broke ground for its new hotel in Jurong on Thursday. Slated to open in the first half of 2015, the new development is set to be the first hotel to open in the Jurong Lake District. This comes after the Urban Redevelopment Authority identified the district as a new growth area with commercial, business and leisure facilities. The 550-room hotel will be the seventh hospitality...
The Westin hotel is making a comeback in Singapore after a 10-year absence. Its owner Starwood Hotels and Resorts is aiming to double its footprint in Asia in the next three to five years. The group has about 160 new hotels in the pipeline for Asia, one of them - The Westin Singapore - is due to open this November. It is looking to fill 300 job vacancies, amid the tight labour...
The government has released a hotel site at Havelock Road for application from interested developers. In a statement, the Urban Redevelopment Authority (URA) said it has released the detailed sales conditions for the land parcel, which consists of three conserved warehouse buildings fronting the Singapore River. The plot is on the Reserve List for the first half 2013 Government Land Sales (GLS)...
As more organisations start to relocate all or part of their operations outside of the city centre in Singapore, analysts say there has been strong demand for hotels in business parks in recent years and hoteliers have only just began to tap those opportunities. Capri by Fraser, located within the Changi Business Park, is running at an average occupancy rate of 80 per cent each month. About nine in...
Singapore's skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station. Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre. At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall...