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JTC awards Tampines industrial plot to Sim Lian

Firm's price of S$5.9m, or S$68.85 psf ppr, is highest of 3 tender bids

Published Fri, Jun 26, 2015 · 09:50 PM

Singapore

JTC Corporation on Friday awarded the tender for an industrial site at Tampines Industrial Drive (Plot 4) to Sim Lian Construction, the highest tenderer, at S$5.9 million.

The tender price works out to S$68.85 per square foot per plot ratio (psf ppr) - about 12 per cent more than the second-highest bidder, Precise Development, who put in a price of S$5.28 million (or S$61.62 psf ppr).

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