5 bids for industrial site at Yishun Avenue 9

The Urban Redevelopment Authority (URA) closed the tender for the industrial site at Yishun Avenue 9 (Parcel 6) today.

The site at Yishun Avenue 9 was launched for public tender on 29 August 2012. It was originally on the Reserve List of the Government Industrial Land Sales Programme. URA had, on 14 August 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 30-year lease term.

A total of 5 bids were received, with the highest bid by Soilbuild Group Holdings Ltd at $31.688 million.

This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated.

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