Hotel site at Victoria Street sold for $331.3m
Forward Land acquires the 8,423.2sq.m. site.
In a release, the Urban Redevelopment Authority (URA) has awarded the tender for the hotel or commercial & residential site at Victoria Street / Jalan Sultan to Forward Land Pte Ltd. The company submitted the highest bid in the tender for the site.
Tender for the hotel or commercial & residential site was launched on 16 August 2012 and closed on 11 October 2012. The land parcel was offered for sale on a 99-year lease term.