No-go yet for Kallang site; Stamford put on reserve list
By Joyce Teo
THE Government has again postponed the release of new land - this time a hotel site in the Kallang River area - as the property market continues to flounder.
However, a historic site in North Bridge Road - which contains Singapore's first cinema Capitol Theatre and two other heritage buildings - has been released on the reserve list sale system as planned.
This means that the site will be put up for tender only if developers indicate interest by committing to a minimum bid.
