Sinaran Drive

Awarded

Hotel. URA sale site, built as Oasia Hotel.

[ Award ]

S$131,118,000

S$5,392.92 psm GFA, about S$501 psf ppr (derived). Awarded 24 January 2007 to Glory Realty Co. Private Ltd., parent: Far East Organization

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Sinaran Drive	Hotel	5,788.8 m²	24,313 m²	Glory Realty Co. Private Ltd., parent: Far East Organization	S$131,118,000(S$5,392.92)

[ The one tender received ]

As listed at the close of 16 January 2007 (ura-list-2006-sinaran-drive-5789-close), with the outcome the award of 24 January 2007 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Glory Realty Co. Private Ltd., parent: Far East Organization	S$131,118,000	S$5,392.92	S$501	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.

24 January 2007

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

Glory Realty Co. Private Ltd., parent: Far East Organization, S$131,118,000 (S$5,392.92 psm GFA, about S$501 psf ppr).

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

16 January 2007

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$131,118,000 (S$5,392.92 psm GFA) from Glory Realty Co. Private Ltd., parent: Far East Organization

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

20 November 2006

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 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 5,788.8 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 24,313 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Novena
Facts as stated on: 20 November 2006