The Urban Redevelopment Authority (URA) has released details on the sales conditions for the Reserve List site at Pioneer Road North and Soon Lee Street.
The plot of land, which is meant for industrial development, will have a site area of about 1.4 hectares.
It has a gross plot ratio of 2.0 and a 30-year-lease period.
The site is also situated near to Pioneer MRT station.
Under the Reserve List system, a site would be released for sale only if a bid with an acceptable minimum price is received.
Source : Channel NewsAsia – 27 May 2010