URA to launch tender for Short Street hotel site

The Urban Redevelopment Authority (URA) is putting up a 0.12 hectare hotel site at Short Street for tender.

This, after it received an application from a developer to bid for the land parcel, which is located within the Bras Basah-Bugis district.

URA says the site can generate a maximum gross floor area of 4,077 square metres and is ideal for boutique hotel development.

It adds that the bid received came to no less than S$8.8 million.

An eight-week long public tender for the land parcel will be held in mid-April and the launch date is due to be announced later.

The site was made available for sale through the reserve list under the Government Land Sales Programme on August 26, 2008.

Source : Channel NewsAsia – 2 Apr 2009

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