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SINGAPORE PRESS-Record bid for government land sales hotel site-Business Times
January 22, 2014 / 1:11 AM / 4 years ago

SINGAPORE PRESS-Record bid for government land sales hotel site-Business Times

A 99-year leasehold site along East Coast Road housing the former Joo Chiat police station is believed to have drawn a new record bid for a Government Land Sales (GLS) hotel site, the Business Times daily reported.

A consortium comprising Master Contract Services and Keong Hong Construction placed the highest offer out of eight bidders of S$352.8 million ($275.95 million) or S$1,326.11 per square foot per plot ratio (psf ppr) in the tender that closed on Tuesday.

(link.reuters.com/wuz26v)

NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 1.2785 Singapore dollars) (Compiled by Brian Leonal; Editing by Prateek Chatterjee)

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