URA launches tender for industrial site at Tuas View Square

SINGAPORE: The Urban Redevelopment Authority (URA) has launched the tender for an industrial site at Tuas View Square.

The land parcel was available for sale through the Reserve List system in November last year.

The tender was triggered because URA has received an application from a developer for the site.

The developer has committed to bid at a price of not less than S$4.9 million for the land parcel on a 45-year lease.

The 0.4 hectare site has a maximum permissible gross plot ratio of 0.9 and is zoned for Business 2 development.

That means the land parcel can be developed for various uses such as light industry, general industry, warehousing, utility or telecommunication uses.

The tender for the site will close at 12pm on June 29.

Source : Channel NewsAsia – 24 May 2011

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