Tender for Robertson Quay closed with 9 bids

Novel Developments and New Vista Realty submitted the highest bid of $127.76 million.

According to Li Hiaw Ho, Executive Director of CBRE Research, the highest bid is more than twice the trigger price of $51.50 million.

The land parcel is well-located with entertainment hubs like Robertson Quay, Boat Quay and Clarke Quay nearby. The area is also growing into an established hotel location.

The site has a maximum GFA of 136,175 sq ft and an estimated 350 rooms can be developed.

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