Following the submission of an outline application, URA has said it is supportive of alternative development options for the site, including hotel development.
Tang Wei Leng, managing director at Colliers International, noted that prime development sites do not come up very often, especially near the Singapore River. Amenities in the vicinity include Fort Canning Country Club, Clarke Quay Central, Liang Court and Chinatown Point, among others. Colliers added that the areas surrounding the site are being revitalised, starting with the nearby State Court Towers which is set to open in 2020.
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