URA launch Kaki Bukit industrial site for sale by public tender

Posted on July 15th, 2009 by Mindy Yong.
Categories: Singapore Real Estate News.

By Irene Chan

SINGAPORE: The government has launched an industrial site at Kaki Bukit Road for sale by public tender.

The land parcel was made available for sale through the reserve list system.

URA said it has received an application from a developer who has committed to bid at least S$5 million for the site.

The land parcel has a site area of about 1.07 hectare and a maximum gross plot ratio of 1 with a lease period of 30 years.

It can be developed for a range of clean, light and general industrial uses.

The tender will close on August 12.

The Urban and Redevelopment Authority (URA) said the selection of the successful bidder will be based on the tendered land price only.

URA said the minimum bid price for the site is S$5 million and no tender below this amount will be accepted. - 938LIVE/vm

Source : Channel NewsAsia - 15 July 2009

Buy Sell Rent invest In Singapore Property Real Estate

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com

no comments yet.