, Singapore

Rangoon Road / Farrer Park Station Road hotel site awarded

Which consortium won the tender at the top bid of $151,005,000?

RB Capital Robertson City Pte. Ltd. and RB Capital Farrer Pte. Ltd. submitted the highest bid for the 3,096.1-sqm hotel site with the said tender price, which at a gross floor area (GFA) of 13,004sqm translated to an offer of $11,612.20 per sqm of gross floor area.

The land parcel was offered for sale on a 99-year lease term, said the Urban Redevelopment Authority in a release, and was based on the tender bids placed between February 16, 2012 to April 17, 2012.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!