Bencoolen Street/ Albert Street

Awarded

Hotel or Commercial / Residential. URA sale site, built as THE BENCOOLEN.

[ Award ]

S$120,188,000

S$4,033.70 psm GFA, about S$375 psf ppr (derived). Awarded 27 March 1995 to Hong Leong Holdings Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Bencoolen Street/ Albert Street	Hotel or Commercial / Residential	7,094.3 m²	29,796 m²	Hong Leong Holdings Ltd	S$120,188,000(S$4,033.70)

[ The one tender received ]

As listed at the close of 18 January 1995 (ura-list-1994-bencoolen-street-albert-street-close), with the outcome the award of 27 March 1995 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Hong Leong Holdings Ltd	S$120,188,000	S$4,033.70	S$375	Awarded

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

27 March 1995

Awarded

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Awarded to

Hong Leong Holdings Ltd, S$120,188,000 (S$4,033.70 psm GFA, about S$375 psf ppr).

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

18 January 1995

Tender closed

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

1 bid disclosed

Highest S$120,188,000 (S$4,033.70 psm GFA) from Hong Leong Holdings Ltd.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

19 October 1994

Launched for tender

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

Selling authority: URA
Allowable development: Hotel or Commercial / Residential
Tenure: 99 years
Programme list: None stated; sold by tender, as ura's list records itA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.The list counts 6 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 7,094.3 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 29,796 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Rochor
Facts as stated on: 19 October 1994