An industrial site at Gambas Crescent (Parcel 4) attracted four bids at the close of tender by the Urban Redevelopment Authority (URA) on Tuesday (Aug 26).
The highest bid of S$35 million came from NSS Realty Pte Ltd, while the lowest bid of S$25.6 million was put in by Hock Lian Seng Holdings.
The 1.57-hectare site is zoned for Business-1 development and has a 30-year tenure and a maximum gross plot ratio of 2.5.
It was launched for public tender on Jun 24 this year. URA said a decision on the award of the tender will be made at a later date.
Source : Channel NewsAsia – 26 Aug 2014