URA to launch tender for industrial site at Tuas View Square

URA has received an application from a developer who has committed to bid at a price of not less than $4,888,888.00 in the tender for the land parcel.

According to URA, the land parcel has a site area of about 0.4 ha and a maximum permissible gross plot ratio of 0.9. Zoned for Business 2 development, the site will have a lease period of 45 years.

The launch date will be announced later. The tender period for the land parcel will be about five weeks.

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