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EL Development buys Singtel's Hill Street property

Price works out to S$1,830 psf ppr; provisional go-ahead given for hotel to be built on the site

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Feb 21, 2018 · 09:50 PM

    Singapore

    SINGTEL is selling its Hill Street property - for which planning approval has been granted for redevelopment into a hotel - to homegrown-property group EL Development.

    The price is between S$115 million and S$120 million, which works out to about S$1,830 per square foot per plot ratio, The Business Times understands.

    Singtel

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