A 60-year leasehold industrial site at Woodlands Avenue 12 (Parcel 3) will be launched for sale through a public tender.
The land parcel was made available for sale through the reserve list system on 24 March 2011.
The tender was launched when the Urban Redevelopment Authority (URA) received an application from a developer at a price of not less than S$56.15 million. However, the applicant's identity has not been revealed.
The industrial site has a total area of 18,800 sq m and a maximum gross plot ratio of 2.5. It is zoned for Business 1 development and has a maximum building height of 61 m above mean sea level.
The launch date will be announced by the URA. The tender period for the site will be about four weeks.
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