News Releases

8 March 2010

URA launches tender for industrial site
at Yishun Avenue 6 (Parcel 1)

The Urban Redevelopment Authority (URA) launched the industrial site at Yishun Avenue 6 (Parcel 1) for sale by public tender today.

The land parcel was made available for sale through the Reserve List system on 29 May 2007. On 23 February 2010, URA announced that it had received an application from a developer to put up the land parcel for tender and would launch the site for public tender in about two weeks’ time. The developer has committed to bid at least S$11.5 million for the land parcel in the public tender.

Land Parcel at Yishun Ave 6 (Parcel 1)

The land parcel has a site area of about 1.42 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.

The details of the land parcel are at Annex 1 and the location plan at Annex 2. More details of the land parcel are available on the URA website at http://www.ura.gov.sg/sales/YishunAve6P1/Launch/YishunAve6-intro(L).html

Other Details

A tender period of 4 weeks will be allowed for the site. The tender will close at 12 noon on 6 April 2010. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of S$11.5 million will not be accepted.

Developer’s packets are available at S$105.00 each (inclusive of GST) for the Land Parcel. 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 at http://www.ura.gov.sg/sales/sale_of_developer’s_packet.html at a cost of S$105.00 (excluding delivery charges) for local and overseas purchasers.