URA launches tender for industrial site at Kaki Bukit Road 4

The land parcel has a site area of about 2.45 ha and a maximum gross plot ratio of 1.0

According to URA, they 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 $18 million for the land parcel in the public tender.

Zoned for Business 2 development, the site will have a lease term of 30 years.

Under the Business 2 zoning, the land parcel can be developed for various uses such as light industry, general industry, warehousing, utility or telecommunication uses as permitted under the planning Act.

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