Improved tourist arrival to Singapore has prompted the authorities to release land for hotels under the Government Land Sales programme for the second half of the year.
This is the first release of land for hotel use in five years. On the Urban Redevelopment Authority's list of sites for sale is one for a hotel in Club Street. Another site in Marina View allows for hotel rooms to be built.
Yesterday's release featured sites on the confirmed list and reserve list, yielding up to 8,040 private residential units, 124,200 sq m of commercial gross floor area and 930 hotel rooms.
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