The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ubi Road 1 to developer Oxley Rising. The company submitted the highest bid of S$158.1 million for the site. The plot has a site area of more than 34,000 square metres and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on June 15 and closed on August 11. The land parcel was...
Oxley Rising
Developer Oxley Rising has submitted the highest bid of S$158 million for an industrial site at Ubi Road 1. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving 11 bids in total. Oxley's bid translates to about S$163 per square foot. The next highest bid of S$146.5 million came from joint bidders Qing Quan and Qingdao Construction. The over 34,000 square metre site...