27 Jun '14, 12am

Fourth Gambas site, two Tuas South plots for sale

Fourth Gambas site, two Tuas South plots for sale

At a state tender that closed last month, two earlier sites on Gambas Crescent made the headlines when they attracted bullish top bids from property giant Far East Organization - PHOTOS: SPH ANOTHER Gambas Crescent industrial parcel has been launched for sale - the fourth in the area to be offered in the span of a year. The three earlier adjacent sites were all bought by Far East Organization in 2013, leading industry watchers to speculate whether the property giant will again bid to build a stronghold in the area. The 30-year lease, 15,665 square metre site, located right next to the latest sold Parcel 3, was released by the Urban Redevelopment Authority (URA) yesterday. It has a maximum gross plot ratio of 2.5 and is zoned for Business-1 development, or light industrial use. Property consultants are split on whether Far East will bid aggressively for it this time around....

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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