Victoria Street

Awarded

Hotel. URA sale site, built as Carlton Hotel.

[ Award ]

S$31,200,000

S$3,179.78 psm GFA, about S$295 psf ppr (derived). Awarded 11 November 1997 to Carlton Hotel (S) Pte Ltd, parent: Carlton Hotel Group.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Victoria Street	Hotel	1,886.8 m²	9,812 m²	Carlton Hotel (S) Pte Ltd, parent: Carlton Hotel Group	S$31,200,000(S$3,179.78)

[ The one tender received ]

As listed at the close of 30 September 1997 (ura-list-1997-victoria-street-close), with the outcome the award of 11 November 1997 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Carlton Hotel (S) Pte Ltd, parent: Carlton Hotel Group	S$31,200,000	S$3,179.78	S$295	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.

11 November 1997

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

Carlton Hotel (S) Pte Ltd, parent: Carlton Hotel Group, S$31,200,000 (S$3,179.78 psm GFA, about S$295 psf ppr).

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

30 September 1997

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$31,200,000 (S$3,179.78 psm GFA) from Carlton Hotel (S) Pte Ltd, parent: Carlton Hotel Group.

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

25 June 1997

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
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 8 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 1,886.8 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 9,812 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Downtown Core
Facts as stated on: 25 June 1997