Tender Submission Date : 15 January 2019, Tuesday
Site Area (m²) : 5,121.4 Maximum Gross Floor Area (m²) : 24,310
CHOICE SITE FOR QUALITY HOTEL DEVELOPMENT Located prominently along the junction of Cross Street and Club Street, the land parcel is in close proximity to the China Square area and Central Business District – an area envisioned to be an exciting mixed-use cluster with office, hotel, retail and residential uses. The future hotel development will also build on the existing cluster of hotels such as Parkroyal on Pickering, The Scarlet Hotel and upcoming hotel developments at Far East Square and China Square. NEAR MAJOR ATTRACTIONS AND AMENITIES The land parcel is also located within the bustling Chinatown Historic District – an area rich in heritage and culture and lined with traditional shophouses with diverse retail and food & beverage offerings. It is also close to nearby tourist attractions such as the Sri Mariamman Temple, Buddha Tooth Relic Temple & Museum and Thian Hock Keng temple. EXCELLENT CONNECTIVITY The future hotel development will be directly connected to Chinatown MRT interchange station (North East Line and Downtown Line) and Telok Ayer MRT station (Downtown Line). It is also within walking distance to the future Maxwell MRT station (Thomson-East Coast Line), enjoying convenient and seamless island wide access via the rail network.
View location map on URA SPACE
Plot 1: 5,121.4 m2 (Land Parcel) Plot 2: 4,705.9 m2 (Subterranean Stratum) Plot 3: 223.7 m2 (Subterranean Stratum) (1) Plot 4: 31.1 m2 (Subterranean Stratum) (1)
The Urban Redevelopment Authority ("The Authority") is inviting tenders for the development of the Land Parcel described above for and on behalf of the Government of the Republic of Singapore.
SUBMISSION OF TENDER
The tenderers shall deposit the duly completed Form of Tender: • in a sealed envelope which is affixed with the Submission Label provided in the eDeveloper's Packet; • in the Tender Box at Room 10-1, 10th Storey, Tower, The URA Centre, 45 Maxwell Road, Singapore 069118; • on 15 January 2019 ("the tender submission date") at or before 12 noon. Room 10-1 will be opened by 9 am on that day. Any tender submitted after 12 noon on the tender submission date will not be considered.
TENDER DEPOSIT
Every tenderer shall pay a tender deposit of 5% or more of the tendered sale price. The tender deposit may be paid by any one or more of the following methods: • Cashier's Order • Bank Transfer • Bank Guarantee • Insurance Guarantee (Please refer to the Conditions of Tender for detailed requirements). Payment in CASH or by CHEQUE or any other means WILL NOT BE ACCEPTED. The Tender Deposit will be returned to all unsuccessful tenderers. The Tender Deposit shall be forfeited if the tenderer withdraws his tender after the date and time for submission of tenders. Tenders submitted without the Tender Deposit shall be disqualified.
ACCEPTANCE OF TENDER
Tenders shall remain valid for acceptance for four (4) weeks from the said date for submission of tenders. However, the Authority may by notice in writing to each tenderer extend the validity period of his tender by such further period not exceeding 2 weeks. Selection of the winning tender will be based on tendered sale price. However, the Authority reserves the right to reject the highest or any tender.
PAYMENT OF THE SALE PRICE
The successful tenderer shall pay the tendered sale price and the Goods and Services Tax (GST) thereon by Cashier's Order as follows: • 25% (less the Tender Deposit) and the GST on 25% of the tendered sale price within twenty-eight (28) days of the Authority's acceptance of his tender; • 75% and the GST thereon within ninety (90) days of acceptance of his tender.
CONDITIONS
This tender brief is meant to highlight only some of the principal points of the tender and does not form part of the tender documents. All tenderers shall comply with the terms and requirements as stipulated in the "Conditions of Tender" and "Technical Conditions of Tender" contained in eDeveloper's Packet website.
The above tender documents are for information only. The complete set of updated tender documents and all relevant circulars, corrigenda and notifications are available for download in the eDeveloper’s Packet at S$181.90 w/GST (S$170.00 w/o GST).
The responsibility of URA and the Government is limited to notifying purchasers of the eDeveloper’s Packet of any additions, variations or amendments to the tender documents. If a purchaser of the eDeveloper's Packet makes the contents therein available to any other party, whether an associate, a client or an agent or whosoever and whether local or overseas; it shall be the purchaser's responsibility to keep that party informed of any such additions, variations or amendments.
Parties interested to participate in the tender for this site are advised to purchase the eDeveloper's Packet.
Find out more information on the requirements for tender and the tender process.
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