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NSS Realty wins Gambas Crescent tender for $35m

SINGAPORE — The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Gambas Crescent to NSS Realty, which submitted the highest bid of S$35 milion or S$83 per square foot per plot ratio (psf ppr).

SINGAPORE — The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Gambas Crescent to NSS Realty, which submitted the highest bid of S$35 milion or S$83 per square foot per plot ratio (psf ppr).

The land parcel covers an area of 168,616sqf, and was offered for sale on a 30-year lease term with a plot ratio of 2.5.

The industrial site was open for public tender from the period of June 24 to Aug 26.

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