An industrial site at Gambas Crescent (Parcel 3) attracted four bids when the tender exercise closed on Tuesday, revealed the Urban Redevelopment Authority (URA).
Launched for sale on 31 October, the site has an area of 14,301.9 sq m and a maximum permissible gross plot ratio of 2.5. It is zoned Business 1 and comes with a 30-year lease.
Grow-Tech Properties submitted the top bid of S$39.33 million, followed by First Shine Management Services and Eco-I with bids of S$32.5 million and S$29.8 million respectively.
The lowest offer came from Soilbuild Group at S$17.319 million.
A decision on the award of the tender will be made after the bids have been evaluated.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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