URA releases conditions for Woodlands reserve list site

Developers interested in purchasing a 2.5 hectare industrial development site at Woodlands can now apply to the Urban Redevelopment Authority (URA) for it to be put up for tender.

The URA has released the detailed sale conditions for the reserve list site, which is bordered by Woodlands Avenue 4 and Woodlands Industrial Park E5.

The 60-year lease site has a gross plot ratio of 2.5, with a maximum building height of 10 storeys.

Under the government’s reserve list system, sites will only be put up for tender if the government accepts a developer’s indicated minimum bid price.

Source : Channel NewsAsia – 21 Apr 2009

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