Retail logistics startup Blu World clinches tender for Tampines industrial site

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.