The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Pioneer Road North / Soon Lee Street to KNG Land Pte. Ltd.
The company submitted the highest bid in the tender for the site, just shy of $27 million.
The tender for the industrial site was launched on 3 November 2010 and closed on 1 December 2010. The land parcel was offered for sale on a 30-year lease.