Thursday, August 20, 2009

Seletar Site Up For Sale

Source : The Straits Times, Aug 20, 2009

A COMMERCIAL and residential site along Yio Cho Kang Road and Seletar Road is up for sale by public tender, the Urban Redevelopment Authority (URA) said on Thursday.

Located within the established residential area at Seletar Hills and near the future Seletar Aerospace Park, commercial amenities such as shops and food and beverage outlets can be built within the proposed development.

The parcel has a site area of 2.1 ha and is designated for a mixed commercial and residential development.

URA said it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at least $40.5 million for it.

URA said selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price will not be accepted.

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