The Urban Redevelopment Authority has awarded the tender for the industrial site at Kaki Bukit Avenue 4 to Wee Hur Development.
The company submitted the highest bid of S$76.8 million for the site.
The plot has a site area of more than 30,000 square metres, and a maximum gross plot ratio of 2.5.
The tender for the industrial site was launched on July 19 and closed on September 14.
The land parcel was offered for sale on a 60-year lease.
Source : Channel NewsAsia – 17 Sep 2010