Gambas industrial site awarded to HLS Development

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The tender for a 60-year leasehold site along Gambas Avenue/Gambas Crescent was awarded to HLS Development Pte Ltd, after it offered the highest bid of S$78.17 million.

The price works out to around S$1,459.26 psm of gross plot ratio (GPR).

Launched for sale on 18 October 2011, the land parcel has a total area of 21,426.7 sq m and a maximum GPR of 2.5.

It is zoned for Business 1 development, which means it can be developed for various purposes, such as light industry, clean industry, utilities or telecommunication uses.

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