An industrial site at Woodlands Avenue 12 was released for sale by public tender by the Urban Redevelopment Authority (URA) yesterday.
With a 60 year lease period, the 3.2 hectare site has a maximum gross plot ratio of 2.5 and can be developed for a variety of uses under "Business 1" zoning (light and clean industry and warehouse use).
Any bid below S$25 million will not be accepted as a developer has committed to bid at least that amount under the Reserve List system.
The tender will close on 21 April 2010. Selection of the successful tenderer will be based on tendered price only.
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