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Weak demand seen for two industrial sites put up for sale by JTC

Two other tenders that closed on Tuesday, in Tampines and Ubi industrial estates, each drew five bids and soft prices

Published Tue, Aug 25, 2015 · 09:50 PM

Singapore

TWO sites zoned for heavier industrial use or Business 2 development at Tampines Industrial Drive (Plot 12) and Tanjong Penjuru were launched on Tuesday for sale by public tender, for which consultants are expecting to see weak demand due to their short 20-year tenures.

Such softness was also evident in the bidding interest for the two tenders that closed on Tuesday that each drew five bids, they pointed out.

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