UOL Group has acquired Lion City Hotel, a freehold property at the junction of Tanjong Katong Road and Geylang Road, for S$313 million. The property, which has a site area of 147,910 square feet, is also near the existing Paya Lebar MRT interchange. UOL says that its wholly-owned subsidiaries UOL Residential Development and UOL Property Investments have successfully tendered for the site. The company...
Lion City Hotel
Buyers are showing keen interest in the Lion City Hotel and Hollywood Theatre site up for sale near Paya Lebar MRT station. About 40 companies have already made enquiries said Landmark Property Advisors and Knight Frank, the marketing firms for the site. The list includes 'every major developer' in the market, Landmark director Lee Hon Kiun said yesterday. He and Knight Frank's senior manager for...
Lion City Hotel in Geylang and the adjoining Hollywood Theatre site have been put up for sale, with a price tag expected to exceed $300 million, excluding the development charge. The two plots, along with a substation site nearby, have a total gross floor area (GFA) of 507,924 sq ft. The URA has indicated that the sites can be redeveloped into a residential-cum-commercial development, with 243,805 sq ft...