1 The Singapore Land Authority (SLA) has awarded HLH Agri R & D and Yoli Technologies, the tenders for the very first three agri-tainment land parcels in Lim Chu Kang. The public tender was conducted last month. HLH Agri R & D won the bid for the largest of the three plots of land at $880,000. The plot has a land area of about 50,900 square metres, or about six soccer fields. Yoli Technologies won the bid for the other two plots of land at $476,336 and $398,000 respectively. The total land area of the two plots is almost 27,500 square metres, or equivalent to the size of about three soccer fields. The sites were offered for sale on 20-year leases. All three land parcels will be used by the winning bidders for agri-tainment purposes. Please refer to Annex A.

2 Most of the tenderers' ideas were consistent with the comprehensive list of proposed uses drawn up by the various planning and technical agencies for the tender of the 3 parcels. A total of 12 bids were received. Eight bids were for agri-tainment uses and four bids were for agriculture uses.

3 SLA's Deputy Director of Land Sales, Mr Teo Jing Kok, said: "We are pleased to award the sites. SLA would like to applaud the efforts and vision of all the entrepreneurs that tendered for the 3 sites. They were willing to try out something new and different to help make Singapore a more exciting place to live, work and play in. We would also like to thank the awardees for their support for the land sales and, more importantly, for taking their bold initiatives to help turn Lim Chu Kang into a rustic recreational hinterland. SLA will continue to work closely with the awardees, interested individuals and businesses, existing farmers and other government agencies to formulate win-win strategies for designated agri-tainment and agricultural sites."

4 The award process for the three agri-tainment and agricultural sites is no different from that for other Government land sales. The tenders are awarded to the highest eligible bids. Papageno Gourmet Pte Ltd, a bidder for the largest plot of land, wrote to SLA to withdraw their bid due to a change in their business plans. In accordance with the Government's tendering procedures, HLH Agri R & D was awarded the tender for that State land parcel as the highest eligible tenderer.

5 For media enquiries, please contact Ms Susan Koh from Corporate Communications, at tel: 6323 8105, hp: 9829 1906 or e-mail: Susan_Koh@sla.gov.sg, or Miss Wang Hui Ling at tel: 6323 9116, hp: 9823 1479, or e-mail: Wang_Hui_Ling@sla.gov.sg.

-End-

Attachments

Annex A - Successful tenderers' tender price and details

Issued by:
The Singapore Land Authority
28 December 2006

Footnote
'Agri-tainment' refers to agriculture cum recreation and/ or entertainment as opposed to purely traditional agricultural uses.

About HLH Agri R & D Pte Ltd

HLH Agri R & D Pte Ltd, set up in November 2006, is a new and wholly-owned subsidiary of PDC Corp Ltd, a SGX mainboard-listed company. HLH Agri R & D will focus on agricultural research and experimentation.

About Yoli Technologies Pte Ltd

Yoli Technologies Pte Ltd, a limited exempt private company set up in January 2005, deals with the manufacture of equipment, design and build semiconductor equipment and mix construction.

About SLA

Singapore Land Authority (SLA) is a statutory board with the Ministry of Law. Its mission is to optimise land resources for the economic and social development of Singapore. SLA is responsible for the direct management of some 14,000 hectares of State land and about 5,000 buildings. It is also in charge of land sales, leases, acquisitions and allocation, developing and marketing land-related information, and maintaining the national land information database through digitised land information services. SLA is also the national land registration authority for property transactions, and the issuance and guarantee of land titles in Singapore. It also manages and maintains the national land survey system, including the defining of boundaries or legal limits of properties based on a coordinated cadastre survey system. For more details, visit www.sla.gov.sg.