JTC awards tender for Tuas industrial site to sole bidder
Add BT as a preferred sourceJTC Corporation on Friday said it has awarded the tender for an industrial site at Tuas to Progressive Builders, for about S$4.2 million.
The land parcel, Tuas West Avenue (Plot B), was launched for tender last October. The tender closed on Dec 27, with one bid received.
The site has a 20-year tenure and spans a site area of 9,508 square metres.
It has a gross plot ratio of 1.4 and is zoned "B2" for heavier industrial use.
The project completion period is 60 months.
In October, the land parcel was the second of four released on the confirmed list under the second half of the 2019 industrial government land sales programme.
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
