JTC Awards Tender for Industrial Site at Braddell Road
28 Sep 2018
JTC has awarded the tender for the industrial site at Braddell Road to the highest tenderer, BP-SH1 Pte Ltd, at a tendered sum of $53,588,888.88. The tender for the site was launched on 30 May 2018 and closed on 1 August 2018, with eight bids submitted.
The particulars of the awarded land parcel are as follows:
| Location | Zoning | Site Area (sqm) | Tenure | Gross Plot Ratio | Tender Closing |
|---|---|---|---|---|---|
|
Braddell Road |
Business 1 |
9,716.2 |
30 years |
2.5 |
60 months |
Separately, the tender for the industrial site at Tanjong Penjuru (Plot 2) will not be awarded. The tender for the site was launched on 26 June 2018 and closed on 21 August 2018, with one bid submitted. The bid was not accepted as the price offered was below the reserve price.