Apparently 12,000 hotel rooms are not enough

There will be additional supply in 2013.

The Ministry of National Development reported:

A new hotel site at Havelock Road will be added to the 1H2013 Reserve List.

Together with the hotel sites carried over from the 2H2012 GLS Programme, they will provide ample opportunities for developers to initiate additional supply of hotel rooms over and above the pipeline supply of about 12,000 hotel rooms.

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