UBTS the top bidder for industrial site in Tanjong Penjuru
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
