The Urban Redevelopment Authority (URA) is launching an industrial site at Woodlands Avenue 12 for sale by public tender in two weeks’ time.
The land parcel was made available for sale through the Reserve List system on 24 March 2011.
The tender was triggered because URA has received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease.
The 1.9-hectare site has a maximum permissible gross plot ratio of 2.5 and is zoned for Business 1 development. That means the site can be developed for various uses such as light industry, clean industry, utilities, or telecommunication uses.
The launch date will be announced later and the tender period will last about four weeks.
Source : Channel NewsAsia – 29 Jul 2011