Thursday, November 27, 2008

Reserve-List Hotel Site At Bt Chermin Now Open For Application

Source : The Business Times, November 27, 2008

Urban Redevelopment Authority on Thursday released for application through the reserve list a hotel site at Bukit Chermin. The 3-hectare site is being offered on a 60-year leasehold tenure.

'The release of the site at Bukit Chermin for a distinctive lifestyle hotel development will contribute to and further enhance the attractiveness of the Southern Waterfront and Southern Ridges,' URA said.

Located along a beautiful coastline with panoramic views of Keppel Harbour, the plot, which has a maximum permissible gross floor area of 10,000 square metres, is envisaged to be developed into a distinctive lifestyle hotel.

In addition to accommodation facilities, the proposed hotel development is planned to include offerings of lifestyle programmes and services that will cater to discerning international visitors, URA said.

'This will add value and strengthen the appeal of Singapore as a premium tourism destination,' Singapore's planning authority added.

Developers interested in bidding for this site may make an application to URA accompanied with an undertaking of their minimum bid.

If this price is acceptable to the state, the site will then be launched for tender. The tender will be evaluated under a dual-envelope system.

Tenderers are required to submit their concept proposals and tender prices in two separate envelopes.

The concept proposals will first be evaluated against a set of criteria including business and development concepts.

At the second stage, the price envelopes of proposals with acceptable concepts will be opened for consideration and the site will then be awarded to the tenderer with the highest bid among those with acceptable concept proposals.

The site includes four black and white bungalows.

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