Singtel gets go-ahead for hotel project on Hill Street site

The property comprises three buildings.

Telco giant Singtel has gotten the provisional permission from the Urban Redevelopment Authority to redevelop its Hill Street property into a hotel.

According to RHB News Bulletin, the property is composed of three buildings including a black tower block that houses Singtel's Central Exchange, and two lower-rise ones being used as offices.

"The property is made up of two adjacent rectangular land parcels - a 25,021 square foot site with 999-year leasehold tenure and a 14,717 sq ft plot with 99-year leasehold tenure starting from Jan 1, 1955, translating to a balance lease term of about 36 years. Both sites are zoned utility under the Urban Redevelopment Authority's Master Plan 2014," RHB said.