The Urban Redevelopment Authority (URA) has released a site at Woodlands Avenue 12 for sale from the Reserve List.
The plot of land, which is meant for industrial development, will have a site area of about 3.2 hectares.
It can generate a maximum gross floor area of 32,279 square metres and has a 60-year-lease period.
URA said the site can be developed for a variety of uses under “Business 1” zoning. Sites that are zoned Business 1 can be used for shops, restaurants, residences and association uses.
Under the system, a site is released for sale only if a bid with an acceptable minimum price is received.
Source : Channel NewsAsia – 8 Dec 2009