Final Tender Results for Industrial Development Site at Ubi Avenue 1

  • Published Date: 29 Oct 2015

         The Housing & Development Board (HDB) launched the industrial development site at Ubi Avenue 1 for tender on 30 Jun 2015.


    2     The details of the sale site are as follows:

    Location Ubi Avenue 1
    Proposed Development Industrial Development
    Zoning Business 1
    Site Area 6,103.3 sq m
    Permissible Gross Plot Ratio 2.5 [maximum]; 2.0 [minimum]
    Building Height 50-55m AMSL
    Lease Term 30 years

    3     When tender closed on 25 Aug 2015, the following five bids were received:

    S/N Name of Tenderer Tender Price
    1 BP-DC Pte Ltd $19,857,721
    2 Ascendas (Paya Lebar) Pte Ltd $16,753,000
    3 Goldprime Development Pte Ltd $13,588,000
    4 Soilbuild Group Holdings Ltd $13,138,800
    5 YIHE Development (South Pacific) Pte Ltd $8,819,677

    4     As the prices offered were too low, the bids submitted by the tenderers were not accepted.