Tanjong Pagar Road / Tras Street

Awarded

Hotel. URA sale site, built as Orchid Hotel.

[ Award ]

S$97,070,000

S$6,049.11 psm GFA, about S$562 psf ppr (derived). Awarded 5 July 2007 to Chng Gim Huat.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Tanjong Pagar Road / Tras Street	Hotel	2,865.5 m²	16,047 m²	Chng Gim Huat	S$97,070,000(S$6,049.11)

[ The one tender received ]

As listed at the close of 3 July 2007 (ura-list-2007-tanjong-pagar-road-tras-street-close), with the outcome the award of 5 July 2007 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Chng Gim Huat	S$97,070,000	S$6,049.11	S$562	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.

5 July 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

Chng Gim Huat, S$97,070,000 (S$6,049.11 psm GFA, about S$562 psf ppr).

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

3 July 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$97,070,000 (S$6,049.11 psm GFA) from Chng Gim Huat.

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

8 May 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 2 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 2,865.5 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 16,047 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Outram
Facts as stated on: 8 May 2007