On 4 July 2014, Wee Hur Development Pte Ltd secured a land parcel at Woodlands Avenue 12 at a tendered sale price of SGD 76,900,000. Zoned for B1 industrial use, the 30 years leasehold land parcel has an area of 39,229 sqm and a permissible gross plot ratio of 2.5. Having joint ventured with Wee Hur Developments Pte Ltd in previous successful projects, ZACD Investments Pte Ltd is delighted to partner with Wee Hur once again in the development of this land parcel. Past successes of this partnership include the development of Parc Centros and Premier @ Kaki Bukit.
This industrial development is set to benefit together with the Woodlands area from the government’s plan to establish Woodlands Regional Centre as Singapore’s Northern Gateway, with the Thomson MRT line providing a direct connection to the city centre and hosting an interchange station with the future cross-border rail link to Malaysia. Additionally, the future North-South Expressway will reduce travelling time to the city.
With the expertise and experience of Wee Hur as a reputable developer in Singapore, this collaboration allows ZACD to expand its track record of attractive and successful industrial and residential developments in Singapore.