Tender alert for Rangoon Road / Farrer Park Station Road hotel site

Is the land parcel worth the minimum bid of $56.5 million?

The land area covers roughly 0.3 hectares with an estimated gross floor area of 13,004 sqm., according to the Urban Redevelopment Authority, which announced the sale by public tender.

It is located in the Historic District of Little India, which has a thriving crafts industry, and near Farrer Park MRT Station. Access to the Central Business District at Raffles Place and Marina Bay is described to be "easy".

The bidding will close on April 17, 200 at 12 noon, with the higest tendered land price counting above the minimum $56.5 million as the primary selection criteria.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley