23 Feb '11, 10am

New Changi Hotel put up for sale

New Changi Hotel put up for sale

SINGAPORE : New Changi Hotel, a freehold non-residential redevelopment site along Changi Road, has been put up for sale by public tender. Situated in an established mix of residential and commercial area, the strata-titled development sits on a land area of about 2,456 square metres (26,433 square feet). The site is located near Paya Lebar and Eunos MRT stations and is well served by the Pan Island Expressway and the Central Expressway as well as major arterial roads like Changi Road, Geylang Road and Sims Avenue. It is within close proximity to the future Paya Lebar Central, a commercial hub to be developed outside the city centre as part of the Urban and Redevelopment Authority's decentralisation strategy to provide alternatives for businesses and jobs closer to homes. Sole marketing agent, Knight Frank, said the site has a guide price of S$61.8 million and is currently ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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