Land parcel at Woodlands Avenue 12 up for public tender
05:55 AM Mar 12, 2010
SINGAPORE - A land parcel at Woodlands Avenue 12 is set to be launched for public tender by the end of the month.
The Urban Redevelopment Authority (URA) said it had accepted an application from a developer which had committed to bid a price of not less than $25 million for the industrial site.
The land parcel was made available for sale through the Reserve List System last year.
Under the system, the Government will put up a Reserve List Site for public tender if it receives an application from a developer who commits to bid for the site at or above the minimum price which is acceptable to the Government.
The land parcel has a site area of about 3.2 hectares and a maximum gross plot ratio of 2.5. It is accessible via a network of roads such as Woodlands Avenue 12 and Seletar Expressway. Admiralty MRT is located about 600 metres from the site. It can be developed for a variety of uses under "Business 1" zoning, which includes clean and light industries. The site has a lease period of 60 years.
URA will launch the public tender for the site in about two weeks.
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