New Market Road / Merchant Road

Awarded

Hotel. URA sale site, built as Park Regis Singapore.

[ Award ]

S$100,700,000

S$8,201.66 psm GFA, about S$762 psf ppr (derived). Awarded 29 October 2007 to Park Regis Investments Pte. Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
New Market Road / Merchant Road	Hotel	3,508.2 m²	12,278 m²	Park Regis Investments Pte. Ltd.	S$100,700,000(S$8,201.66)

[ The one tender received ]

As listed at the close of 25 October 2007 (ura-list-2007-new-market-road-merchant-road-close), with the outcome the award of 29 October 2007 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Park Regis Investments Pte. Ltd.	S$100,700,000	S$8,201.66	S$762	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.

29 October 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

Park Regis Investments Pte. Ltd., S$100,700,000 (S$8,201.66 psm GFA, about S$762 psf ppr).

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

25 October 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$100,700,000 (S$8,201.66 psm GFA) from Park Regis Investments Pte. Ltd.

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

2 August 2007

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 7 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 3,508.2 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 12,278 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Singapore River
Facts as stated on: 2 August 2007