Check out this hotel site at East Coast Road up for sale

It has a land area of 0.8 ha.

According to a release, the Urban Redevelopment Authority (URA) has launched the hotel site at East Coast Road for sale by public tender today. The site was made available for sale through the Reserve List system on 26 June 2012.

On 6 November 2013, URA announced that it had received an application from a developer to put up the land parcel for public tender at a bid price of not less than $160,000,000.

Land Parcel at East Coast Road

With a land area of 0.8 ha, the hotel site located at the junction of East Coast Road and Joo Chiat Road has a maximum gross floor area of about 24,716 m2. The land parcel also contains the historically and architecturally significant former Joo Chiat Police Station which shall be restored as part of the future hotel development.

The tender for the site will close at 12 noon on 21 January 2014. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $160,000,000 will not be considered.

More details on the land parcel are available on the URA website at https://www.ura.gov.sg/uol/land-salesrepository/Sites/east-coast-rd-l.aspx

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