URA will open tender for Robertson Quay site

Singapore Urban Redevelopment Authority (URA) has announced the land parcel was made available for sale through the Reserve List System in April 2010, The developer has committed to bid at a price of not less than S$51,500,000 in the tender for the land parcel. As the minimum price committed by the developer is acceptable to the government, the site will be released for sale via public tender.

Located within Robertson Quay, with a land area of about 0.45 hectares, the hotel site can generate a maximum permissible gross floor area of 12,651 sqm, said URA.

The site is situated along the historic Singapore River, amidst well-established hotels such as Park Hotel Clarke Quay, The Gallery Hotel and Studio M Hotel. It enjoys direct access to the Singapore River promenade, with many well-known food & beverage, entertainment and lifestyle outlets along Robertson Quay, Clarke Quay, Boat Quay and Mohamed Sultan Road.

The site is also a short drive away from Singapore’s business and financial centre, as well as popular tourist attractions like Chinatown and Sentosa.

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