English|中文
Student hostel in Singapore > News > Hotel site at Robertson Quay has attracted a total of nine b

Hotel site at Robertson Quay has attracted a total of nine b

Time:Jun 11,2011 17:54Author : Clicks: source :

SINGAPORE : A hotel site at Robertson Quay has attracted a total of nine bids from developers at the close of its tender by the Urban Redevelopment Authority (URA).

The highest bid of S$127.8 million was jointly handed in by Novel Developments and New Vista Realty.

That translates to S$10,098 per square metre.

The second highest bid of S$127.1 million came from RB Capital Robertson City, while the third highest bid was S$103.3 million from Golden Development Private Limited.

The lowest bid of S$65 million was by Grand Plaza Park Hotel.

"The increasing number of tourists in Singapore has pushed up the demand for accommodation and thus for land for hotels," said Li Hiaw Ho, executive director of CBRE Research.

Mr Li also pointed out that the highest bid was more than twice the trigger price of S$51.50 million.

He added that the hotel site has a maximum gross floor area of 12,651 square metres and an estimated 350 rooms can be developed there.

The 4,500 square metre site with a 99-year lease was launched for public tender in January.

It was originally on the Reserve List of the Government Land Sales Programme.

URA said it will announce the winning bidder at a later date.

Our professional team provides knowledgeable & customized services to prospects seeking overseas academic advancements, migration, transfers, application of visas, arrangement of accommodation & relocation, pre departure arrangement etc. Seeking consultation, please call : China Customer Service Hotline: 400-7160816 or Singapore Service Hotline:+65 6737-9958

We have established long term strategic partnerships with various well-known portals, one of which will be Agoda, please click: :"http://www.agoda.com.cn/asia/Singapore/Singapore.html?Cid=14459

Below are our affiliates' homepage:

Overseas Educational Services 新加坡留学网www.eistudy.com

Rental of Residential Properties 新加坡公寓网http://www.65house.com

Immigration 新加坡移民网http://www.65pr.com

Singapore Property Investment 新加坡房产网http://house.heysg.com

(Chief Editor:admin)
Like
(0)
0%
Dislike
(0)
0%
------分隔线--------------------------------
Feedback
Please consciously abide by the Internet-related policies and regulations, publishing of pornography, violent or reactionary rhetoric is strictly prohibited.
Evaluation:
face:
verification code:
Latest Comments more>>