URA releases site in Tanjong Pagar for hotel development

A 30-storey hotel is set to be built on a reserve site at Gopeng Street/Peck Seah Street, the Urban Redevelopment Authority revealed on Thursday.

The land parcel, which spans just over 2,300 square metres, is one of the two new hotel sites being released under the government land sales programme for the first half of 2008.

The 99-year leasehold site can generate a maximum permissible gross floor area of about 19,415 square metres.

Located within the Tanjong Pagar area, the site is near several hotels serving the business community and foreign visitors.

Under the government’s reserve list system, a reserve site will only be put up for tender if a developer puts in a minimum bid acceptable to the government. – CNA/ac

Source : Channel NewsAsia – 21  Feb 2008

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