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URA to launch tender for Victoria Street/Jalan Sultan site

Published on Aug 2, 2012 1:00 PM
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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. -- PHOTO: URA

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.

 
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