The Urban Redevelopment Authority (URA) is putting up a 0.12 hectare hotel site at Short Street for tender after it received an application from a developer to bid for the land parcel.
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URA said the site, which is located within the Bras Basah-Bugis district, can generate a maximum gross floor area of 4,077 square metres and is ideal for boutique hotel development. It added that the bid received came to no less than S$8.8 million.
An eight-week long public tender for the land parcel will be held in mid-April and the launch date will be announced later.
The site was made available for sale through the reserve list under the Government Land Sales Programme on August 26, 2008. - CNA/yt
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