Owner seeking at least S$155m for Killiney Rd freehold hotel site

Singapore

A KILLINEY Road freehold hotel development site is up for sale via an expression of interest exercise, with the owner - private equity firm Lucrum Capital - seeking in excess of S$155 million for it.

Located in the Orchard Road precinct, the site has a land area of 13,148 square feet (sq ft) with a gross plot ratio of 2.8, and provisional permission has been obtained to rezone the site for hotel use.