URA to launch tender for Victoria Street/Jalan Sultan site
Published on Aug 2, 2012 1:00 PM
The Urban Redevelopment Authority (URA) announced on Wednesday that it has accepted an application from a developer to put up the site at Victoria Street / Jalan Sultan for sale by public tender.
The site was put up for public tender as a developer has committed a minimum bid of $148.7 million for the 0.84ha site . The land parcel will have a maximum permissible gross floor area of 30,977 sq m.
Under the tender conditions, the successful tenderer is given the option to develop the site for a hotel or commercial and residential development.
Located near Lavender MRT station, the site is close to the historic districts of Kampong Glam and Little India.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!