Thursday, August 23, 2012

URA receives 4 bids for site at Bukit Batok St 23

SINGAPORE: The Urban Redevelopment Authority (URA) has received four bids at the close of the tender for the industrial site at Bukit Batok St 23 on Wednesday. 

Mainboard-listed property developer Soilbuild Group submitted the highest bid of S$32.3 million, which translated to about S$861.44 per square metre of gross permissible ratio. 

The other three bids lodged range from S$18.3 million to S$26.3 million. 

The land parcel with a site area of about 15,011 square metres was launched for public tender on June 27 on a 30-year lease term. 

URA said it would decide on the winning bidder at a later date. 

- CNA/cc

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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