Selegie Centre buyer seeks approval to build hotel
Nisha Ramchandani
Singapore
PEAK Tower Corporation, which is acquiring Selegie Centre in a collective sale, is seeking approval from the Urban Redevelopment Authority (URA) for its plans to build a hotel on the site, which is presently zoned for commercial and residential use.
An earlier application by Peak Tower for a proposed one block, 11-storey hotel on the site and to change the use of the site was turned down by the URA in March. Peak Tower has since submitted an appeal as well as its amended plans to the URA, which is assessing the appeal.
TRENDING NOW
Singapore identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu
DBS remains analysts’ pick ahead of Q3 earnings after Singapore banks’ share slump
High Court rules against Julius Baer’s Singapore trust arm in US$50 million family trust dispute
Could stablecoins be the future of money?