Worldwide Hotels Group pays $415m for Club Street site
A subsidiary of Worldwide Hotels Group has agreed to pay S$562.2 million ($415.12 million) for the 5,121-square-meter (55,121-square-foot) plot on Club Street, located in Singapore’s Chinatown, resulting in a record price being set for 99-year leasehold land at a state tender.
The seller was Urban Redevelopment Authority.
Recently, City View Holdings, a wholly owned subsidiary of Worldwide Hotels Group, acquired the freehold commercial property Golden Wall Center for $200 million.
