The property comprises three buildings.
Telco giant Singtel has gotten the provisional permission from the Urban Redevelopment Authority to redevelop its Hill Street property into a hotel.
According to RHB News Bulletin, the property is composed of three buildings including a black tower block that houses Singtel's Central Exchange, and two lower-rise ones being used as offices.
"The property is made up of two adjacent rectangular land parcels - a 25,021 square foot site with 999-year leasehold tenure and a 14,717 sq ft plot with 99-year leasehold tenure starting from Jan 1, 1955, translating to a balance lease term of about 36 years. Both sites are zoned utility under the Urban Redevelopment Authority's Master Plan 2014," RHB said.
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