URA closes tender for hotel site at Kallang Road/Jellicoe Road

The Urban Redevelopment Authority (URA) has closed the tender for a hotel site at Kallang Road and Jellicoe Road, with only one bid received.

Citywide Land tendered the sole bid of S$51 million for the site which has an area of 4,219.2 square metres and a maximum permissible gross floor area of 18,986 square metres.

The site was launched for public tender in August. It was originally on the reserve list of the Government’s Land Sales Programme. It was offered for a lease period of 99 years.

The announcement of the award of tender will be made after the bid has been evaluated.

Source : Channel NewsAsia – 9 Oct 2008

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