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.