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 offered for sale on a 60-year lease.
Source : Channel NewsAsia – 17 Aug 2010