The government has launched an industrial site at Pioneer Road for sale by public tender.
It was made available for sale through the Reserve List system after a developer committed to bid at least S$8.2 million for the site.
The 30-year leasehold land parcel has a site area of about 1.9 hectares and a maximum gross plot ratio of two hectares.
The tender will close on December 9.
Singapore’s Urban and Redevelopment Authority (URA) said the successful bidder will be based on the tendered land price only.
Any tender below the minimum bid price of S$8.2 million will not be accepted.
Source : Channel NewsAsia – 11 Nov 2009