NSS Group's Gambas industrial project slated for July launch

Singapore

NSS Group, whose ultimate shareholders include developer Ng Teng Yeng, is launching industrial project Proxima@Gambas in July and a preview for the project has already begun.

This is ahead of an upcoming launch of the adjacent project Nordcom II by Far East Organization group, which has not had a launch date fixed yet.

Both are part of four 30-year lease land parcels at Gambas Crescent which were sold at state tenders, with Far East snapping up the first three parcels and developing Nordcom I and II on them and NSS Group's unit NSS Realty acquiring the fourth plot.

"There will definitely be competition but we have pricin…