Senoko Drive industrial site tender not awarded after 2 rejected bids
Add BT as a preferred sourceNg Ren Jye
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE tender for a JTC industrial site at Senoko Drive will not be awarded after bids for the parcel came in below its reserve price.
JTC said it received two bids for the 1.22 hectare site, which site has a tenure of 30 years and a gross plot ratio of 2.5.
The site is zoned for Business-2 food use only and is the last of five confirmed list sites for the first half of 2019 Industrial Government Land Sales (IGLS) programme.
Its tender was launched on May 28 and closed on July 23.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
