Tuesday, November 27, 2012

Hotel site in Jurong receives top bid of $238.2 mil

The close of the tender for a hotel site on Jurong Town Hall Road on Nov 20 drew 11 bids, with the top bid of $238.2 million ($1,167 psf per plot ratio) submitted by Tamerton, a wholly owned unit of Genting Singapore. The 97,166 sq ft site has a maximum gross floor area of 204,053 sq ft. It was launched for public tender on Sept 19 and originally made available for sale through the Reserve List system on May 29.

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