URA releases sales conditions for Kallang hotel site

The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a hotel site (Land Parcel B) located at Kallang Riverside.

The land parcel, which can potentially yield about 490 hotel rooms, has an area of about 0.82 hectares with a lease period of 99 years.

The site has a maximum permissible gross floor area of about 22,900 square metres and a maximum allowable building height of 16 storeys.

The land parcel, located along Kallang River, is made available for sale under the Reserve List of the Government Land Sales Programme for the first half of 2011.

Under the Reserve List system, a site is released for sale only if a bid with an acceptable minimum price is received.

The tender period is about four weeks before it closes.

The first hotel site (Land Parcel A) at Kallang Riverside was made available for sale on the Reserve List in 2009.

Source : Channel NewsAsia – 27 Jun 2011

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