THE Urban Redevelopment Authority (URA) yesterday said that it has sold three land parcels of heavy vehicle parks at Bukit Batok West Avenue 5 and Senoko Drive through a public auction.
The 15,600 square metres heavy vehicle park site at Bukit Batok West Avenue 5 was sold to Uni Development for $5 million, or $30 per square foot (psf) of site area.
The two other land parcels, both at Senoko Drive, have site areas of 10,000 sq m each. One was sold to Huationg Inland Transport Service for $4 million, or $37 psf of site area; while the other was sold to Huationg (Asia) for $3 million, or $28 psf of site area.
The land parcels were launched for sale on May 10. The parcel at Bukit Batok West Avenue 5 was offered for sale on a 10-year lease while the other two parcels at Senoko Drive were offered for sale on 15-year leases.
Source: Business Times, 4 Jun 2010