JTC awards Woodlands industrial site to Soon Hock for S$82m
Add BT as a preferred source
Vivienne Tay
JTC has awarded the tender for an industrial site at Woodlands Avenue 12 to developer Soon Hock Investment Group for S$82 million.
The tender for the site was launched on Dec 26, 2018 and closed on Feb 13, 2019, with six bids submitted. According to a previous report, the tender was triggered by a committed bid price of not less than S$36 million.
The 20,937 square metre industrial site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5 hectares. It is zoned Business 2 for heavier industrial use, with a project completion period of 84 months.
The land parcel was made available for application through the Reserve List system, under the second half 2018 Industrial Government Land Sales Programme.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
