KNG wins tender for site at Soon Lee St

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The tender for an industrial site at Soon Lee Street has been awarded to KNG Group Pte Ltd by the Urban Redevelopment Authority (URA).

The company offered the top bid of S$48.11 million, or S$1,226.15 psm of gross plot ratio (GPR), in a tender that closed on 29 November 2011.

Launched for sale on 6 October 2011, the 30-year leasehold industrial site has a total area of 19,618.7 sq m and a maximum permissible GPR of 2.0.

It is zoned for Business 2 development and can be developed for purposes such as light and general industry, warehousing, utilities or telecommunications.

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