URA launch Kaki Bukit industrial site for sale by public tender

The government has launched an industrial site at Kaki Bukit Road for sale by public tender.

The land parcel was made available for sale through the reserve list system.

URA said it has received an application from a developer who has committed to bid at least S$5 million for the site.

The land parcel has a site area of about 1.07 hectare and a maximum gross plot ratio of 1 with a lease period of 30 years.

It can be developed for a range of clean, light and general industrial uses.

The tender will close on August 12.

The Urban and Redevelopment Authority (URA) said the selection of the successful bidder will be based on the tendered land price only.

URA said the minimum bid price for the site is S$5 million and no tender below this amount will be accepted.

Source : Channel NewsAsia – 14 Jul 2009

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