Retail logistics startup Blu World clinches tender for Tampines industrial site
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Janice Heng
JTC has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 10) to retail logistics startup Blu World Pte Ltd, which operates under the brand-name blu. The tendered price of S$3.2 million was the higher of two bids submitted.
Zoned Business 2, the site has a land area of 4,702.6 square metres and a gross plot ratio of 1.4. It has a tenure of 20 years and a project completion period of 60 months.
The tender for the site was launched on May 30, 2018 and closed on July 25.
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