The Urban Redevelopment Authority (URA) has placed the first hotel site at the Jurong Lake District for sale by tender.
With a land area of 0.9 ha, the land parcel at Jurong Town Hall Road is expected to generate a gross floor area of about 19,000 square metres.
In a press release, URA said the proposed hotel development with a garden setting will contribute to transforming the Jurong Lake District into “a unique lakeside destination for business and leisure.”
The 99-year leasehold site is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme.
Under the Government’s Reserve List system, the land parcel at Jurong Town Hall Road will be released for sale if the criteria for the triggering of the site is met.
When the site is put up for tender, a tender period of about 6-8 weeks will be allowed before tender closes.
Source : CNA – 2012 May 29