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JTC awards 3 industrial sites at Tampines and Tuas South Link 2

JTC Corporation has awarded its tenders for three industrial sites at Tampines Industrial Drive and Tuas South Link 2 to the highest bidders.

The 4,112.5-square-metre (sq m) site at Tampines Industrial Drive (Plot 7) was awarded to Chye Thiam Maintenance at S$2.98 million. Two bids were received in this tender.

The 5,077.8-sq-m site at Tampines Industrial Drive (Plot 5) was awarded to Precise Development at S$3.61 million. Three bids were received.

As for the 4,802.1-sq-m site at Tuas South Link 2 (Plot 9), it went to Texas Petrochemical Asia Pacific Pte Ltd at S$2.20 million. Two bids were received.

The three sites come under "Business 2" zoning and have 20 years' tenure, with a gross plot ratio of 1.4.

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