The Urban Redevelopment Authority (URA) has said it did not receive any bids for the hotel site at Race Course Road/Bukit Timah Road when the tender closed at noon on Wednesday.
URA added that it will announce its plans for the site after a decision has been made.
URA launched the hotel site for sale by public tender in February this year.
It was one of the two hotel sites to be sold through the confirmed list under the Government Land Sales Programme for the first half of this year.
URA said the site is located above the Little India MRT station and has an area of about 0.9 hectare and a maximum permissible gross floor area of 31,440 square metres. – CNA/ms
Source : Channel NewsAsia – 21 May 2008