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The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the industrial site at Woodlands Avenue 12 for public tender.
The land parcel was made available for sale through the Reserve List system on 8 December 2009. URA has received an application from a developer who has committed to bid at a price of not less than $25 million for the land parcel at Woodlands Avenue 12.
URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about four weeks.
The land parcel has a site area of about 3.2 ha and a maximum gross plot ratio of 2.5. It can be developed for a variety of uses under “Business 1” zoning. The site will have a lease period of 60 years.
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