Club Street

Awarded

Hotel. URA sale site.

[ Award ]

S$562,200,000

S$23,126.29 psm GFA, about S$2,149 psf ppr (derived). Awarded 21 January 2019 to Midtown Development Pte Ltd, parent: GuocoLand Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Club Street	Hotel	5,121.4 m²	24,310 m²	Midtown Development Pte Ltd, parent: GuocoLand Limited	S$562,200,000(S$23,126.29)

[ The one tender received ]

As listed at the close of 15 January 2019 (ura-list-2018-club-street-close), with the outcome the award of 21 January 2019 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Midtown Development Pte Ltd, parent: GuocoLand Limited	S$562,200,000	S$23,126.29	S$2,149	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.

21 January 2019

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

Midtown Development Pte Ltd, parent: GuocoLand Limited, S$562,200,000 (S$23,126.29 psm GFA, about S$2,149 psf ppr).

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

15 January 2019

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$562,200,000 (S$23,126.29 psm GFA) from Midtown Development Pte Ltd, parent: GuocoLand Limited.

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

27 September 2018

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 8 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 5,121.4 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 24,310 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Hotel
Planning area: Outram
Facts as stated on: 27 September 2018