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EL Development plans a hotel with over 300 rooms on Hill St

The mid- to high-end business hotel is slated for completion in the third quarter of 2021

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Singtel's Hill Street property has a total land area of 39,738 sq ft comprising two land lots. Both plots are zoned for "utility" use in the URA Master Plan 2014.

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"It has always been the intention of the company to expand into property investments and holdings instead of merely developing properties for sale." - EL Development managing director Lim Yew Soon.

Singapore

EL Development is planning to develop a mid- to high-end business hotel with more than 300 rooms on the Hill Street site that it is buying for S$118 million from Singtel.

"We have not finalised on the concept for the hotel and are also in the process of sourcing for an

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