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JTC awards tender for Tuas industrial site to Ho Lee Construction for S$6.99m

JTC Corporation has awarded the tender for an industrial site at Tuas South Street 11 to Ho Lee Construction, which had the highest bid at around S$6.99 million.

Five bids were submitted during the tender, which was launched on Jan 27 and closed on March 24.

The zoning for the site, which spans 8,409.8 square metres, is "Business 2". It has a tenure of 20 years and four months, and a gross plot ratio of one.

The project completion period is five years.