Source : Channel NewsAsia – 9 Jun 2009
The Urban Redevelopment Authority (URA) has launched a site at Woodlands Industrial Park and Woodlands Avenue 4 for sale by public tender.
It said a developer has committed to bidding at least S$12.5 million for the land parcel.
The parcel has a site area of about 2.5 hectares and a gross plot ratio of 2.5 with a lease period of 60 years.
It can be developed for a range of clean, light and general industrial uses.
The tender is expected in about two weeks and will close on July 7.
URA is offering the site for sale through the Reserve List of the government land sales programme.
Under the system, a site is put up for sale if a developer agrees to bid a minimum price acceptable to the government.
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