The tender for an industrial site at Pioneer Road North has been awarded to private developer KNG Realty. The company had placed a bid of S$19.4 million for the site, or S$48 per square foot. The Urban Redevelopment Authority had received eight bids for the site. It was offered for sale in November on a 30-year lease. The site is intended to be used for clean or light industry, warehousing, public...
Kng Realty
Property developer Kng Realty has submitted the highest bid of S$19.4 million for an industrial site at Pioneer Road North. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving eight bids in total. The next highest bid came from Sia Kong Wah & Gimp Investment at S$18 million. Kng Realty's bid translates to about S$48 per square foot. Li Hiaw Ho, executive...