URA launches tender for industrial site at Soon Lee Street

The Urban Redevelopment Authority (URA) has launched the industrial site at Soon Lee Street for sale by public tender today.

This is the last industrial site to be released for sale under the Confirmed List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced by the Ministry of Trade and Industry on 30 June 2011. The other two industrial sites namely, at Kaki Bukit Road 4 and Lavender Street / Kallang Avenue, have already been launched for sale by public tender in August 2011.

The land parcel at Soon Lee Street has a site area of about 1.96 ha and is to be developed for Business 2 uses with a maximum permissible gross plot ratio of 2.0 and a lease period of 30 years.

Under the Business 2 zoning, the site can be developed for various uses such as light industry, general industry, warehousing, utilities, or telecommunication uses, as permitted under the Planning Act.

The tender for the Confirmed List site at Soon Lee Street will close at 12 noon on 29 November 2011. Selection of the successful tenderer will be based on the tendered land price only.

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