Record Bid for Upper Pickering Hotel

Hotel site at Upper Pickering St
Land 6,959 sqm, GFA: 29,227 sqm
Top Bid Price: $253.2 mil (which translates to $805 psf ppr) by Hotel Plaza Ltd (Developer UOL's hotel arm).

This set a record bid, and is >40% higher than the previous 2 hotel sites at Tanjong Pagar area:
(1) Tras St: Land 2,866 sqm, GFA 16,047 sqm, at $97.1 mil ($562 psf ppr) [Jul 07]
(2) Gopeng St: Land 2,373 sqm, GFA 19,933 sqm, at $123 mil ($573 psf ppr) [Jun 07]

* URA-Gopeng St , URA-Tras St *

*** Update ***

(1) Hotel site at Upper Pickering St was awarded to Hotel Plaza Ltd on 15 Oct 07.
Land 6,959 sqm, GFA: 29,227 sqm, at $253.2 mil ($805 psf ppr) [Oct 07]
(2) Hotel site at New Market Rd/Merchant Rd was awarded to Park Regis Investments Pte Ltd on 29 Oct 07.
Land 3,508 sqm, GFA 12,278 sqm, at $100.7 mil ($762 psf ppr) [Oct 07]

* URA-Pickering St , URA-Merchant Rd *