Ubi Road 1 site up for sale

The URA has put an industrial site located at Ubi Road 1 up for public tender.

The land parcel has a site area of around 3.5 hectares and a 60-year leasehold period.

It has a maximum permissible gross plot ratio of 2.5 and can be developed for many uses such as clean and light industries, including those related to computer software assembly, publishing, development and repair of electronic equipment and computer hardware.

The site is one of two industrial land parcels to be released for sale under the Confirmed List during the first half of this year.

The other site under the Confirmed List is located at Tampines Industrial Avenue 4, which was sold by JTC for $33 million early this month.