The Urban Redevelopment Authority (URA) has launch a hotel site at the junction of Clemenceau Avenue and Havelock Road for tender.
A developer showed interest in the 99-year site, next to Central Mall, committing to pay at least $40.8 million or $328 per sq ft per plot ratio (psf ppr) for it.
The site is within walking distance to the Singapore River and the popular entertainment, food & beverage and lifestyle outlets at Clarke Quay, Boat Quay and Robertson Walk. It is also a short distance away from the heart of the city’s business and financial centre in Raffles Place and Marina Bay.
The land parcel was made available for sale through the Reserve List system on March 26 2008. It measures 0.55 ha, has a maximum permissible gross floor area of 124,377 sq ft, and can accommodate a development of up to seven storeys high.
The URA estimates that some 195 hotel rooms can be built on the site.
Tender for the site will close on Aug 31, 2010.
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