Prevo
[ Land sales ]

Kaki Bukit Avenue 1 / Avenue 3

Awarded

Light Industry. URA sale site, built as Kaki Bukit Techpark II / Innocom Building / Tech View.

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[ Award ]

S$78,000,000

Awarded 11 April 1996 to Technology Parks Pte Ltd, parent: CapitaLand Limited, First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) and Singbus Land Pte Ltd.

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Kaki Bukit Avenue 1 / Avenue 3Light Industry60,000 m²Not statedTechnology Parks Pte Ltd, parent: CapitaLand Limited, First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) and Singbus Land Pte LtdS$78,000,000
[ The one tender received ]

As listed at the close of 7 February 1996 (ura-list-1995-kaki-bukit-avenue-1-avenue-3-close), with the outcome the award of 11 April 1996 gave each.

RankTendererTendered priceOutcome
1Technology Parks Pte Ltd, parent: CapitaLand Limited, First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) and Singbus Land Pte LtdThe list prints S$650.00 per square metre against a GPR of 2 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.S$78,000,000Awarded

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

11 April 1996

Awarded

Kaki Bukit Avenue 1 / Avenue 3: awarded to Technology Parks Pte Ltd, First Capital Corporation Ltd and Singbus Land Pte Ltd, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Awarded to

Technology Parks Pte Ltd, parent: CapitaLand Limited, First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) and Singbus Land Pte Ltd, S$78,000,000.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

7 February 1996

Tender closed

Kaki Bukit Avenue 1 / Avenue 3: tender closed with 2 bids, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

1 bid disclosed

Highest S$78,000,000 from Technology Parks Pte Ltd, parent: CapitaLand Limited, First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) and Singbus Land Pte Ltd.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

29 November 1995

Launched for tender

Kaki Bukit Avenue 1 / Avenue 3: launched for tender, as URA's list of vacant sites sold dates it

Dated as the agency’s list of sites sold prints it (URA Vacant Sites (online version)). The list is the source; no release of this date is on record.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

Site facts

Selling authority
URA
Allowable development
Light Industry
Tenure
60 yearsNot the 99-year term of an ordinary residential GLS parcel.
Programme list
None stated; sold by tender, as ura's list records itA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.The list counts 2 bids and names only the successful tenderer. The list prints S$650.00 per square metre against a GPR of 2 and no GFA: a rate on site area times GPR, which the list does not state, so it is not kept as a rate.[ura-list-vacant-sites-sold]
Site area
60,000 sqm[ura-list-vacant-sites-sold]
Tender conditions
  • Development type (list code): Industrial
  • Permissible gross plot ratio: 2
  • Planning area: Bedok
Facts as stated on
29 November 1995

Sources

  1. Agency listPublication date not recorded

    URA Vacant Sites (online version)

    Urban Redevelopment Authority · Retrieved 19 September 2026

    Source fact · Source-backed

    Original source link unavailable

    Technical details
    SHA-256
    28dd0ed255e0d696107b6536f72cdb2ea430144a681f78fd82d1c05f9232b373
    Size
    82,692 bytes
    Format
    application/vnd.openxmlformats-officedocument.spreadsheetml.sheet
    Retrieved at
    2026-09-19 13:27:59 UTC
    Prevo reference
    ura-list-vacant-sites-sold