Wednesday, August 29, 2012

URA launches tender for the sale site at Yishun Avenue 9 (Parcel 6)

29 August 2012
URA launches tender for the sale site
at Yishun Avenue 9 (Parcel 6)
The Urban Redevelopment Authority (URA) has launched the site at Yishun Avenue 9 (Parcel 6) for sale by public tender today.

The land parcel was made available for sale through the Reserve List system on 7 December 2011. On 14 August 2012, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $14,200,000 for the land parcel in the public tender.

Details of the land parcel
The land parcel has a site area of about 1.2 ha and a maximum permissible gross plot ratio of 2.5. Zoned for Business 1 development, the site will have a lease period of 30 years.
Details of the land parcel and its location plan are provided in Annex 1 and Annex 2. More details of the land parcel are available on the URA website at http://www.ura.gov.sg/sales/YishunAve9P6/Launch/YishunAve9P6-intro(L).html

Other details
The tender for the site will close at 12 noon on 26 September 2012. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $14,200,000 will not be considered.
Developer's Packets containing details of this site and conditions of tender are available at $107 each (inclusive of GST). These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The Developer's Packets can also be purchased via URA-Online (delivery charges applicable) at http://www.ura.gov.sg/LspWeb/.

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