Tuesday, May 23, 2006

[RealEdge] CNA : URA ready to release site for new hotel along Singapore river

Singapore News »
 Time is GMT + 8 hours
Posted: 23 May 2006 2001 hrs

URA ready to release site for new hotel along Singapore river
By Loh Kim Chin, Channel NewsAsia

SINGAPORE : The URA is ready to release a new development site fronting the Singapore River for the building of a hotel -- if developers are interested.

The 99-year leasehold site at Clemenceau Avenue and Unity Street covers 0.4 hectares and lies close to the Central Business District, Orchard Road, Marina Centre, Chinatown, and Downtown at Marina Bay.

The successful bidder for the site can build up to four storeys fronting the river and up to 10 storeys facing away.

The tourism board is keen for developers to build more hotels here, as there are predictions of a looming shortage in rooms. - CNA /ct



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// posted by Shajahan @ 10:20 PM


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