URA releases site at Woodlands for industrial development

URA releases site at Woodlands for industrial development

By Jonathan Peeris

SINGAPORE: The Urban Redevelopment Authority (URA) has released a site at Woodlands Avenue 12 for sale from the Reserve List.

The plot of land, which is meant for industrial development, will have a site area of about 3.2 hectares.

It can generate a maximum gross floor area of 32,279 square metres and has a 60-year-lease period.

URA said the site can be developed for a variety of uses under “Business 1″ zoning. Sites that are zoned Business 1 can be used for shops, restaurants, residences and association uses.

Under the system, a site is released for sale only if a bid with an acceptable minimum price is received.

- CNA/sc

Source : Channel NewsAsia - 09 December 2009

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