The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site at Sims Drive/Aljunied Road for public tender.
The land parcel is part of the Reserve List of the Industrial Government Land Sales Programme for the second half of 2011.
URA said interested developers can apply for the site to be put up for tender.
The site has an area of about 0.63 ha and is zoned for Business 1 development such as light industry, clean industry, utilities or telecommunication uses, as permitted under the Planning Act.
The land has a a maximum permissible gross plot ratio of 2.5 and a lease period of 60 years.
URA said that under the Government’s Reserve List system, the land parcel at Sims Drive/Aljunied Road will be released for sale if the criteria for the triggering of the site are met.
When put up for tender, developers have a window of about four to five weeks to bid for the site.
Source : Channel NewsAsia – 10 Nov 2011