Tuesday, September 11, 2012

URA awards tender for Yishun, Tai Thong sites

The Urban Redevelopment Authority (URA) has awarded the tenders for an industrial site at Yishun Avenue 9 (Parcel 5) and a residential with 1st storey commercial site at Tai Thong Crescent (Parcel C) to Soon Hock Tuas Development and Verwood Holdings / Intrepid Investments respectively.
Soon Hock Tuas Development secured the tender for the 20,074.7 sq m industrial land parcel after it offered the highest bid of S$51.38 million, or S$1,023.94 psm.

Launched on 27 June, the site has a 30-year lease term and is zoned for business 1 development.

Meanwhile, Verwood Holdings and Intrepid Investments secured the residential with 1st storey commercial site at a tendered price of S$245 million or S$8,535.99 psm.

The 99-year leasehold site has an area of 8,200.3 sq m.

View the original article here

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