News Releases

26 October 2007

Award of tender for industrial site
at Sin Ming Lane

The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Sin Ming Lane to MV Land Pte. Ltd. who submitted the highest bid in the tender for the site.

The tender was launched on 30 August 2007 and closed on 24 October 2007. The Land Parcel was offered for sale on a 60-year lease.

The particulars of the awarded Land Parcel and the successful tenderer are:

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA	PERMISSIBLE GROSS PLOT RATIO	SUCCESSFUL TENDERER	TENDERED PRICE (S$ PSM of GPR)
Sin Ming Lane	Business 1	51,319.7 m2	2.5	MV Land Pte. Ltd.	$68,888,000   ($536.93)