SINGAPORE - The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the Yishun Avenue 9 (Parcel 6) industrial site for sale via public tender.

URA said in a media statement that it has received an application from a developer for the site.

The developer has committed to bid at a price of not less than $14,200,000 in the tender for the land parcel.

As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale via public tender.

The land parcel has a site area of about 11,719.9 sq m and a maximum permissible gross plot ratio of 2.5.

It is zoned for Business 1 development and will have a lease period of 30 years.

The maximum building height is 56 m above mean sea level (AMSL).

In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site.

However, the identity of the applicant will not be released. URA will launch the public tender for the site in about two weeks.

The launch date will be announced later. The tender period for the land parcel will be about four weeks.

The land parcel was made available for sale through the Reserve List system on Dec 7, 2011.

paullim@sph.com.sg