The Urban Redevelopment Authority has launched an industrial site in Tuas for sale by public tender.
This after a developer committed to bid at least S$5.1m for the site at Tuas Bay Drive and Tuas South Avenue 3.The 60 year leasehold land parcel has a site area of about 3.7 hectares.
It has a maximum permissible gross plot ratio of one but the successful bidder will be able to put up a building of up to 10 storeys.
The tender will close at the end of January.
Source: Channel NewsAsia, 08 December 2006