The government will soon launch the iconic stretch of colonial buildings along Stamford Road for sale.
Capitol Building, Stamford House and Capitol Theatre are part of a huge parcel of land that will go on sale in about two weeks, after a property developer committed to put in a bid of at least $100 million for the commercial site.
According to the Urban Redevelopment Authority (URA), the bid has triggered a public tender for the 1.43ha plot, which is situated at the key junction of North Bridge Road and Stamford Road, and also includes Capitol Centre.
The winning developer of the site will be allowed to renovate Capitol Centre, a dingy three-storey complex with offices, shops and schools opposite St. Andrew’s Cathedral, and best known for its Gramophone and TMC Academy tenants. URA said that a new development of up to 10 storeys can be constructed in its place.
However, the developer is required to retain and restore the three “historically and architecturally significant buildings”, it said.
Built in 1904, Stamford House was designed in a neo-classical style by Mr. Regent Alfred John Bidwell, the architect behind the Raffles Hotel. Capitol Theatre, which housed the first cinema in Singapore, was built in 1929, and Capitol Building, formerly known as Shaw Building, was built in 1933.