URA closes tender for Pioneer Road North / Soon Lee Street site
Highest bid among seven developers was over $64m by KNG Properties.
The industrial site at Pioneer Road North / Soon Lee Street was launched for public tender on 16 June 2011. It was originally on the Reserve List of the Government Industrial Land Sales Programme.
On 3 June 2011 the Urban Redevelopment Authority had accepted a successful application for the site to be put up for sale. The site was offered for sale on a 30-year lease.
Allowable development for the 17,040.1 m² site is Business 2.
A decision on the award of the tender will be made after the bids have been evaluated.