JTC has awarded the tenders for two industrial sites at Tampines Industrial Drive and Tuas South Link 1 to the highest tenderers, Hock Lian Seng Holdings and Diamond Land respectively.
Hock Lian Seng bid S$3.708 million for the 4,890 sq m site at Tampines Industrial drive, which drew four bids. The tenure is for 20 years, and the site is zoned "Business 2" with a gross plot ratio of 1.4.
Meanwhile, Diamond bid S$37.5 million for the 33,300 sq m site at Tuas South Link 1, which saw just one bid. The tenure is for 30 years, and the site is zoned "Business 2" with a gross plot ratio of 2.