Source : Business Times - 7 Aug 2008
The Urban Redevelopment Authority on Thursday awarded a 99-year leasehold hotel development site at Balestier Road to HH Properties Pte Ltd, a venture between Hiap Hoe Ltd and its sister company SuperBowl Holdings.
HH Properties’s bid of $73.3 million or $172.10 per square foot per plot ratio was the highest of three bids received for the site at a state tender that closed on July 16.
The site is opposite the Sun Yat Sen Nanyang Memorial Hall, a national monument.
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