The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Avenue 12 for sale by public tender.
The land parcel was made available for sale through the Reserve List system on 24 March 2011.
The tender was triggered because URA received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease.
The 1.9-hectare site has a maximum permissible gross plot ratio of 2.5 and is zoned for Business 1 development. That means the site can be developed for various uses such as light industry, clean industry, utilities, or telecommunication uses.
The tender for the site will close at noon on 13 September 2011.
Selection of the successful bidder will be based on the tendered land price only.
URA said any tender below the minimum bid price of $56,150,000 will not be considered.
Source : Channel NewsAsia – 15 Aug 2011