UBTS the top bidder for industrial site in Tanjong Penjuru

Singapore

UBTS Pte Ltd, a local logistics and warehousing company set up in the 1960s, has emerged as the top bidder for an industrial site in Tanjong Penjuru, less than 1 km from the company's existing business premises. Its bid of S$9.3 million for the 1.6-hectare site, being sold on 20-year tenure, works out to S$21.19 per square foot per plot ratio (psf ppr).

This was almost double the S$4.8 million that Soilbuild Group Holdings, the only other bidder for the site, offered.