Robertson Quay

Awarded

Hotel. URA sale site, built as UP @ Robertson Quay.

[ Award ]

S$127,760,000

S$10,098.81 psm GFA, about S$938 psf ppr (derived). Awarded 10 March 2011 to Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Robertson Quay	Hotel	4,518.1 m²	12,651 m²	Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd.	S$127,760,000(S$10,098.81)

[ The one tender received ]

As listed at the close of 8 March 2011 (ura-list-2011-robertson-quay-close), with the outcome the award of 10 March 2011 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd.	S$127,760,000	S$10,098.81	S$938	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.

10 March 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

Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd., S$127,760,000 (S$10,098.81 psm GFA, about S$938 psf ppr).

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

8 March 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$127,760,000 (S$10,098.81 psm GFA) from Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd.

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

6 January 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 9 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 4,518.1 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 12,651 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Singapore River
Facts as stated on: 6 January 2011