URA launches tender for Roberston Quay hotel site

The Urban Redevelopment Authority (URA) said it has launched the tender for a hotel site at Robertson Quay on Thursday.

The land parcel was available for sale through the Reserve List system since April last year.

The tender was triggered because URA has received an application from a developer for the site.

The developer has committed to bid at a price of not less than S$51.5 million for the land parcel on a 99-year lease.

The 0.45 hectare site can generate a maximum permissible gross floor area of over 12 thousand square metres.

The hotel site is located within Robertson Quay, along the historic Singapore River, amidst a well-established hotel cluster comprising developments such as Studio M Hotel, Park Hotel Clarke Quay and The Gallery Hotel.

It also has direct access to the Singapore River promenade, with many popular entertainment, food & beverage and lifestyle outlets along Robertson Quay, Clarke Quay, Boat Quay and Mohamed Sultan Road just round the corner.

The tender for the site will close at 12 noon on March 8.

Source : Channel NewsAsia – 6 Jan 2011

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