URA releases site at Kaki Bukit for industrial development

URA releases site at Kaki Bukit for industrial development

By Yasmine Yahya

SINGAPORE: The Urban Redevelopment Authority (URA) has released for sale a site at Kaki Bukit Avenue 4 for industrial development.

The land parcel has a site area of about three hectares and a gross plot ratio of 2.5.

The site will have a lease period of 60 years. It is being released under the government’s Reserve List.

Under the Reserve List system, a site would only be put up for tender if a developer’s indicated minimum bid price in his application is acceptable to the government.

Developers interested in purchasing the site can now apply to URA for it to be put up for tender.

- CNA/sc

Source : Channel NewsAsia - 26 November 2009

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