Withdrawal of hotel site at Balestier Road / Ah Hood Road from reserve list
The Urban Redevelopment Authority (URA) today announced that it has decided to withdraw the hotel site at Balestier Road/Ah Hood Road from the Reserve List of the Government Land Sales (GLS) Programme for the second half of 2007 with immediate effect.
Under the Reserve List, the Government will only release a site for sale if an interested party submits an application for the site to be put up for tender with an offer of a minimum purchase price that is acceptable to the Government.
The Balestier Road/Ah Hood Road site has been placed on the Reserve List since 26 Oct 2006. It was planned to be developed for hotel use on a 99-year lease. Annex A shows the location of the site.
URA is withdrawing the site from the Reserve List with immediate effect, as it is reviewing the land use plan of the site together with the other vacant land in the vicinity.