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Tender Closing for Hotel Site at Bencoolen Street
Posted Date: 4 Dec 2006
The Urban Redevelopment Authority (URA) closed the tender for the hotel site at Bencoolen Street today.
The site at Bencoolen Street was launched for public tender on 28 September 2006 on a 99-year lease.
The highest tender was submitted by Lasalle Lao S’pore for $73m, with Park Plaza at $60.8m in tow and the lowest was by Leedon Investment for $40m.
With 16 storeys and a max permissible GFA of 15,000sqm, it would meant approx $4,860psm if Lasalle get the deal.
Adapted from URA
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