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.

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