URA launches tender for Yishun Avenue 6 site

The industrial site at Yishun Avenue 6 (Parcel 1) is now for sale by public tender with minimum bid price of S$11.5 million.

First made available for sale through the Reserve List system on 29 May 2007, the land parcel with a site area of about 1.42 ha has been launched for public tender two weeks after the Urban Redevelopment Authority received an application from a developer.

With a lease period of 60 years, the land parcel can be developed for a variety of uses under “Business 1” zoning. Developer's packets may be purchased at S$105.00 each, inclusive of GST.

The tender will close at 12 noon on 6 April 2010 with selection of the successful tenderer based on the tendered land price only.

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