Commercial & Industrial Property News Update

Singapore - 30-Year Leasehold Industrial Site At Yishun Now Available

August 31, 2012

The reserve list site was triggered for tender when the minimum bid was met last month.

The Urban Redevelopment Authority has released a 30-year leasehold site at Yishun Avenue 9 for sale via public tender. Spanning 1.2 ha, the plot was listed on the reserve list in December last year.

A commitment in August by an unnamed developer to meet the minimum bid of SGD 14.2 million triggered the release of the site for sale.

With a maximum permissible gross plot ratio of 2.5 and carrying a Business 1 zoning, the site may be applied towards a variety of uses, including clean and light industries. The site, Parcel 6, is close to the Yishun Industrial Park and Yishun Town, which provides nearby F&B, retail and entertainment amenities.

URA said that the tender for the site will end on 26 September this year, with the winner selected on the basis of the tendered land price only.

In other news, a tender for an industrial site at Bukit Batok Street 23 has been awarded to Soilbuild Group Holdings Ltd. Soilbuild offered SGD 32.32 million - the highest out of four bids for the 30-year leasehold site, which carries a maximum permissible gross plot ratio of 2.5 and has Business 1 zoning.

Tags: Industrial property, Warehouse for sale, Factory for rent


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