The Urban Redevelopment Authority has awarded the tender for the industrial site at Pioneer Road North and Soon Lee Street to KNG Properties. The company has submitted the highest bid of over S$64.4 million. That translates to about S$1,890 per square foot per plot ratio. The tender for the industrial site was launched on June 16, and closed on July 13. The land parcel was offered for sale on a 30-year...
Pioneer Road North
The Urban Redevelopment Authority (URA) has closed the tender for an industrial site at Pioneer Road North and Soon Lee Street with seven bids received. KNG Properties submitted the highest bid of S$64.5 million or around S$176 psf/plot ratio. The next highest bid came from NSS Development, which bid nearly S$60 million. The site was launched for public tender on June 16 on a 30-year lease. The land...
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...
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the industrial site at Pioneer Road North/Soon Lee Street for sale via public tender. The developer has committed to bid at a price of not less than S$13.8 million in the tender for the land parcel, which was made available for sale through the Reserve List system on 27 May 2010, URA said in a statement. The...
The Urban Redevelopment Authority (URA) has released details on the sales conditions for the Reserve List site at Pioneer Road North and Soon Lee Street. The plot of land, which is meant for industrial development, will have a site area of about 1.4 hectares. It has a gross plot ratio of 2.0 and a 30-year-lease period. The site is also situated near to Pioneer MRT station. Under the Reserve List...
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...
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...
The Urban Redevelopment Authority (URA) will launch a tender for an industrial site at Pioneer Road North and Soon Lee Drive. The land parcel was previously placed under the reserve list system. It has an area of 1.9 hectares and a lease period of 30 years. Under the system, a site would be released for sale only if it receives a bid with a minimum price that is acceptable to the government. An unnamed...