The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Industrial Park E5 for sale by public tender.
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The site has an area of 1.68 ha and is zoned for a Business 2 development. The tender for the site will close at noon on July 22. The URA also released the detailed sales conditions for a reserve list site at Kallang Pudding Road for industrial development. The 0.57 ha site is zoned for a Business 1 development.
Businesses are grouped under Business 1 and Business 2 zones, according to their impact on the environment.
Under the government's reserve list system, a site on the reserve list would only be put up for tender if a developer's indicated minimum bid price in his application is acceptable by the government.
Both sites have a gross plot ratio of 2.5 and have a lease period of 60 years. - CNA/so
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