URA to launch the tender for the Reserve List site at Jalan Bukit Merah / Alexandra Road

The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender.

The land parcel was made available for sale through the Reserve List system on 16 August 2007. URA has received an application from a developer for the site to be put up for public tender. The developer has committed to bid at a price of not less than $98,000,000 in the tender for the land parcel. As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale via public tender.

In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site. However, the identity of the applicant will not be released. URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about eight weeks.

The land parcel is located at the junction of Alexandra Road and Jalan Bukit Merah at the fringe of the city centre. It is conveniently linked to the rest of the island via Ayer Rajah Expressway and is served by the nearby Queenstown and Redhill MRT Stations. The site is also located near major tourist attractions like Orchard Road, Mount Faber, Vivo City and Sentosa.

The land parcel, which has a site area of about 0.79 ha and a maximum permissible gross floor area of 22,249 sqm, is zoned for hotel development.

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