Gambas Avenue / Gambas Crescent industrial site released

It can be developed for light industry, clean industry, utilities or telecommunication uses.

The land parcel at Gambas Avenue / Gambas Crescent has a site area of about 2.1 ha and is to be developed for Business 1 uses with a maximum permissible gross plot ratio of 2.5 and a lease period of 60 years.

Under the Government’s Reserve List system, the land parcel at Gambas Avenue / Gambas Crescent will be released for sale if it receives an application from a developer who commits, by signing an agreement and paying a deposit of 3% of the bid price, to bid for the site at or above the minimum price which is acceptable to the Government.

The Government will also consider launching a Reserve List site for sale if it receives sufficient market interest for the site. A site is deemed to have received sufficient market interest if more than one unrelated party submit minimum prices that are close to the Government’s Reserve Price for the site within a reasonable period.

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