The total approved gross floor area for the proposed mixed development is approximately 114,153.38 square metre (1,23 million sq ft), making it one of the largest redevelopment projects along this famed shopping belt.
Hotel Properties Limited, whose managing director Ong Beng Seng is now a under graft-related probe, has received provisional permission to redevelop a slew of its Orchard properties. The typically thinly-traded shares surge, closing at $3.90 on Aug 28, up 10.8% for the day.
They are the Forum, voco Orchard Singapore and HPL House. The sites have a combined land area of 14,027.12 sqm, or 150,986.66 sq ft.
