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Bids for Ubi industrial site 'too low', says HDB

Consultant says rejection not in line with govt's intention to bring down prices

Published Thu, Oct 29, 2015 · 09:50 PM

Singapore

THE Housing & Development Board (HDB) on Thursday said that it has not accepted any bids for an industrial development site at Ubi Avenue 1 because "the prices offered were too low". This surprised at least one consultant.

The Ubi site was launched for tender on June 30 this year. Situated just next to StarHub Green, it is zoned 'Business 1', with a site area of 0.6 hecta…

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