Source : Urban Redevelopment Authority (URA) News Release, 16 October, 2d007
The Urban Redevelopment Authority (URA) today released the detailed sale conditions for a reserve site at Sturdee Road for hotel development. Developers interested in purchasing the site can now apply to URA for it to be put up for tender.
The site at Sturdee Road is one of the four new hotel sites which are scheduled for release for application on the reserve list in the Government Land Sales programme for the second half of 2007.
Choice site with convenient access
Bounded by Sturdee Road and Beatty Road, the Land Parcel is located at the fringe of the city centre. It is next to the Jalan Besar Conservation Area, a charming area with a unique blend of local history, architectural gems, and well-known eating places. The site is also close to major tourist attractions of Little India and Kampong Glam.
Land Parcel at Sturdee Road
The Land Parcel has a site area of about 0.61 ha and a maximum permissible gross floor area of 18,334 sqm. Details of the Land Parcel and location plan are given in Annex A-1 and A-2.
Reserve List System
Under the government’s reserve list system, a site on the reserve list would only be put up for tender if a developer’s indicated minimum bid price in his application is acceptable to the government.
Details of this Land Parcel and other sites which are currently available for application on the reserve list can be found on URA’s website: http://www.ura.gov.sg/sales/SturdeeOct07/Sturdee-intro(MA).html.
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For media enquiries, please contact:
Ms Serene Tng
Manager, Public Relations
DID: 6329 3224
Email: serene_tng@ura.gov.sg
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