The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Tuas View Square to SCB Terraform Pte Ltd.
SCB Terraform submitted the highest bid of S$7.33 million for the site.
That translates to S$1,882.06 per square metre of gross plot ratio.
The site was launched for public tender on May 24 on a 45-year lease and closed on June 29.
The 4,352.5-square metre site has a maximum permissible gross plot ratio of 0.9 and is zoned for Business 2 development.
Source : Channel NewsAsia – 5 Jul 2011