Clemenceau Avenue / Havelock Road

Awarded

Hotel. URA sale site, built as Holiday Inn Express Singapore Clark Quay.

[ Award ]

S$101,113,000

S$8,750.58 psm GFA, about S$813 psf ppr (derived). Awarded 3 September 2010 to RB Capital Hotels Pte. Ltd., parent: RB Capital Pte. Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Clemenceau Avenue / Havelock Road	Hotel	5,502.1 m²	11,555 m²	RB Capital Hotels Pte. Ltd., parent: RB Capital Pte. Ltd.	S$101,113,000(S$8,750.58)

[ The one tender received ]

As listed at the close of 31 August 2010 (ura-list-2010-clemenceau-avenue-havelock-road-close), with the outcome the award of 3 September 2010 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	RB Capital Hotels Pte. Ltd., parent: RB Capital Pte. Ltd.	S$101,113,000	S$8,750.58	S$813	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.

3 September 2010

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

RB Capital Hotels Pte. Ltd., parent: RB Capital Pte. Ltd., S$101,113,000 (S$8,750.58 psm GFA, about S$813 psf ppr).

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

31 August 2010

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$101,113,000 (S$8,750.58 psm GFA) from RB Capital Hotels Pte. Ltd., parent: RB Capital Pte. Ltd.

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

28 June 2010

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 13 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 5,502.1 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 11,555 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Singapore River
Facts as stated on: 28 June 2010