The tender to build a hotel at Short Street closed yesterday as according to the Urban Development Authority (URA). The 1,164.6 sq m site on the Reserve List of the Government Land Sales Programme was launched for public tender on 15 April 2009.

A total of 15 tenders were received but one of them is not under consideration as the tendered price is less than the minimum bid price of S$8.8 million.

Of the other 14 tenders, Fragrance Assets Pte Ltd has the highest bid price of S$15.51 million. The other 13 bidders are Regal Land Pte Ltd, Centurion Properties Pte Ltd, Sim Lian Land Pte Ltd, Hotel Royal Investment Pte Ltd, Wah Khiaw Developments Pte Ltd, Mayhew Pte Ltd, Heeton Commercial Pte Ltd, First Choice Properties Pte Ltd, Harry’s Hospitality Pte Ltd, Harbour Ville Investment Pte Ltd, Chua Lai Seng, Tomlinson Investment Pte Ltd and SCM (Overseas) Ltd.

The announcement on the tender award will only be made at a later date after all bids have been evaluated. For an overview of the tenders, head on to http://www.ura.gov.sg.