PROCUREMENT NEWS

Singapore : URA awards tender for Yishun Ave 9, Tai Thong Cres sites

Published 08 Sep 2012

The Urban Redevelopment Authority said on Friday that it had awarded tenders for sites at Yishun Avenue 9 and Tai Thong Crescent.

The Yishun Avenue 9 land parcel was awarded to Soon Hock Tuas Development Pte Ltd for $51.39 million, or $1,023.94 per sq m of gross plot ratio.

It is an industrial site zoned for Business 1 development, and measures 20,074.7 sq m, with a maximum gross plot ratio of 2.5.

The land parcel was offered for sale on a 30-year lease term.

The Tai Thong Crescent land parcel was awarded to Verwood Holdings Pte Ltd and Intrepid Investments Pte Ltd for $245 million, or $8,535.99 per sq m of maximum gross floor area.

Zoned for residential with first-storey commercial, the site measures 8,200.3 sq m. The maximum gross floor area is 28,702 sq m.

The land parcel was offered on a 99-year lease term.

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