Pioneer Road North industrial site up for tender

The Urban Redevelopment Authority (URA) has put up an industrial site at Pioneer Road North for public tender.

The land parcel was available for sale through the Reserve List system in February this year.

The tender was triggered because URA has received an application from a developer for the site on June 3.

The developer has committed to bid at a price of not less than S$23.8 million for the land parcel on a 30-year lease.

The 1.7-hectare site has a maximum permissible gross plot ratio of 2.0 and is zoned for Business 2 development.

That means the land parcel can be developed for various uses such as light industry, general industry, warehousing, utility or telecommunication uses.

The tender for the site will close at 12 noon on July 13.

Source : Channel NewsAsia – 16 Jun 2011

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