The Urban Redevelopment Authority (URA) has awarded the tender for a 3.9 hectare industrial site at Woodlands Avenue 12 to Wee Hur Development.
Wee Hur submitted the highest bid of S$76.9 million for the site, which has a 30-year lease term and a maximum gross plot ratio of 2.5.
Source : Channel NewsAsia – 4 Jul 2014