MIDTOWN DEVELOPMENT PTE. LTD. Business Review
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MIDTOWN DEVELOPMENT PTE. LTD.
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TrustScore Analysis
MIDTOWN DEVELOPMENT PTE. LTD. has a TrustScore of 80. Businesses in this range are generally considered reliable. However, it's still advisable to conduct reasonable checks before engaging in transactions.
Our preliminary analysis has revealed key insights about MIDTOWN DEVELOPMENT PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Official business profile found on major search engines
Negative highlights
- No employer brand presence on career platforms
- Does not have accessible contact information online
- Not accredited by CaseTrust
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Worldwide Hotel Group submits top bid of $562.2 mil for Club Street hotel site
The top bid by Midtown Development for the Club Street site is also 22% higher than the $118 million ($1,760 psf ppr) paid by privately-held property developer EL Development for the former Singtel Tower site on Hill Street last February. “The high premiums paid for the Club Street site are due to the scarcity of centrally located hotel development sites,” says JLL’s Esposito. “Robust hotel economic fundamental and a positive market outlook also helped push up bid prices.”
A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures. Midtown Development Pte, bid S$562.2 million ($415 million) for the site, the highest among eight offers received, the Urban Redevelopment Authority said Tuesday. The land adjacent to Club Street, an area known for its bars and restaurants, is the first such plot released by the government in five years. At S$2,148.50 per square foot, that sets a new benchmark for hotel sites, Nicholas Mak at ZACD Group Ltd. said.
A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures. Midtown Development Pte, bid S$562.2 million ($415 million) for the site, the highest among eight offers received, the Urban Redevelopment Authority said Tuesday. The land adjacent to Club Street, an area known for its bars and restaurants, is the first such plot released by the government in five years. At S$2,148.50 per square foot, that sets a new benchmark for hotel sites, Nicholas Mak at ZACD Group Ltd. said.
Rare Singapore hotel site gets record bid after curbs
Midtown Development Pte Ltd bid S$562.2 million (RM1.7 billion) for the site, the highest among eight offers received, the Urban Redevelopment Authority said on Tuesday. The land adjacent to Club Street, an area known for its bars and restaurants, is the first such plot released by the government in five years. At S$2,148.50 per sq ft, that sets a new benchmark for hotel sites, Nicholas Mak at ZACD Group Ltd said.
17 January 2019
Company Industry
Singapore Standard Industrial Classification (SSIC)
64202
OTHER HOLDING COMPANIES