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FOR IMMEDIATE RELEASE
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1 The Singapore Land Authority (SLA) successfully concluded the public auction under tenancy of a Land Parcel for heavy vehicle park use at 42 Defu Lane 7 today. The successful bidder is the incumbent, Hiap Shing Construction Pte Ltd. Results are annexed.
2 The Land Parcel was launched for tenancy on 1 Sep 2009 for 3+2 years.
Attachments:
Annex A: Results of Auction
Issued by:
The Singapore Land Authority
23 Sep 2009
About SLA
Singapore Land Authority (SLA) is a statutory board with the Ministry of Law. Its mission is to optimise land resources for the economic and social development of Singapore. SLA is responsible for the direct management of some 14,000 hectares of State land and about 5,000 buildings. It is also in charge of land sales, leases, acquisitions and allocation, developing and marketing land-related information, and maintaining the national land information database through digitised land information services. SLA is also the national land registration authority for property transactions, and the issuance and guarantee of land titles in Singapore. It also manages and maintains the national land survey system, including the defining of boundaries or legal limits of properties based on a coordinated cadastre survey system. For more details, visit www.sla.gov.sg.
Annex A: Results of Auction
Location |
Site Area
(m2) |
Allowable Development |
Name of successful bidder |
Successful bid price (S$) |
S$ psm of site area |
42 Defu Lane 7, Singapore 539357 |
21,057.8 |
Heavy Vehicle Park |
Hiap Shing Construction Pte Ltd |
85,000 |
4.04 |
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