The Urban Redevelopment Authority (URA) has closed the tender for the industrial site at Kaki Bukit Road 5 / Kaki Bukit Avenue 6.
The tender for the industrial site attracted eight bids.
According to the Urban Redevelopment Authority (URA), civil engineering firm Hock Lian Seng Holdings put in the top bid of S$27.3 million for the site.
The other seven bids lodged range from S$14.0 million to S$26.6 million.
The 30-year leasehold site spans 13,072.2 square metres.
It can be developed for various uses such as light industry, general industry, utilities or telecommunication uses as permitted under the Planning Act.