Parcel 3 at Woodlands Avenue up for sale

The tender for the site will close at 12 noon on 13 September 2011.

According to a release, the Urban Redevelopment Authority has launched the industrial site at Woodlands Avenue 12 (Parcel 3) for sale by public tender.

The land parcel was made available for sale through the Reserve List system on 24 March 2011. On 29 July 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $56,150,000 for the land parcel in the public tender.

The land parcel has a site area of about 1.9 ha and a maximum permissible gross plot ratio of 2.5. Zoned for Business 1 development, the site will have a lease period of 60 years.

The tender for the site will close at 12 noon on 13 September 2011. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $56,150,000 will not be considered.