Jalan Bukit Merah / Alexandra Road

Awarded

Hotel. URA sale site, built as Alexandra Central / Park Hotel Alexandra.

[ Award ]

S$189,000,000

S$8,494.76 psm GFA, about S$789 psf ppr (derived). Awarded 6 December 2011 to CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Jalan Bukit Merah / Alexandra Road	Hotel	7,946.2 m²	22,249 m²	CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd	S$189,000,000(S$8,494.76)

[ The one tender received ]

As listed at the close of 1 December 2011 (ura-list-2011-jalan-bukit-merah-alexandra-road-close), with the outcome the award of 6 December 2011 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd	S$189,000,000	S$8,494.76	S$789	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.

6 December 2011

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

CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd, S$189,000,000 (S$8,494.76 psm GFA, about S$789 psf ppr).

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

1 December 2011

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$189,000,000 (S$8,494.76 psm GFA) from CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd

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

5 October 2011

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 6 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 7,946.2 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 22,249 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Bukit Merah
Facts as stated on: 5 October 2011