Cross Street / China Street

Awarded

Commercial / Carpark Station. URA sale site, built as Far East Square / Amoy Hotel.

[ Award ]

S$111,000,000

S$5,414.63 psm GFA, about S$503 psf ppr (derived). Awarded 27 March 1995 to Victory Realty Co Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Cross Street / China Street	Commercial / Carpark Station	14,000 m²	20,500 m²	Victory Realty Co Ltd, parent: Far East Organization	S$111,000,000(S$5,414.63)

[ The one tender received ]

As listed at the close of 18 January 1995 (ura-list-1994-cross-street-china-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	Victory Realty Co Ltd, parent: Far East Organization	S$111,000,000	S$5,414.63	S$503	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

Victory Realty Co Ltd, parent: Far East Organization, S$111,000,000 (S$5,414.63 psm GFA, about S$503 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$111,000,000 (S$5,414.63 psm GFA) from Victory Realty Co Ltd, parent: Far East Organization.

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: Commercial / Carpark Station
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 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 14,000 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 20,500 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Commercial
Planning area: Outram
Facts as stated on: 19 October 1994