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COMMERCIAL PROPERTY | Staff Reporter, Singapore

URA launches tender for Pioneer Road North / Soon Lee Street industrial site

The land parcel, zoned for Business 2 development, has a site area of about 1.7 ha.

The site, with a lease period of 30 years, was made available for sale through the Reserve List system on 25 February 2011.

On 3 June 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $23.8 million for the land parcel in the public tender.

The tender for the site will close at 12 noon on 13 July 2011.

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