A hotel site in Clemenceau Avenue and Havelock Road will be put up for sale in two weeks.
The Urban Redevelopment Authority (URA) said the 99-year leasehold site can generate a maximum gross floor area of 11,555 square metres.
The Reserve List site spans 0.55 hectares and a developer will be able to build a hotel development of not more than seven storeys on the plot.
URA said a developer has committed to bid at least S$40.8 million for the land parcel.
The launch date will be announced later.
URA added that the tender period for the land parcel will be about eight weeks.
Source : Channel NewsAsia – 14 Jun 2010