URA Releases 2 Sites At Woodlands, Kallang Pudding Road For Sale

Source : Channel NewsAsia, 27 May 2008

The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Industrial Park E5 for sale by public tender.

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