JTC Awards Tender for Industrial Site at Corporation Drive
25 Oct 2018
JTC has awarded the tender for the industrial site at Corporation Drive to the highest tenderer, Soilbuild Group Holdings Ltd, at a tendered sum of $44,090,319.00. The tender for the site was launched on 28 August 2018 and closed on 9 October 2018, with seven bids submitted.
The particulars of the awarded land parcel are as follows
| Location | Site Area (sqm) | Zoning | Tenure | Gross Plot Ratio | Tender Closing |
|---|---|---|---|---|---|
|
Corporation Drive |
12,800.4 |
Business 2 |
30 years |
2.5 |
60 months |
Separately, the tender for the industrial site at Woodlands Industrial Park E2/E5 will not be awarded. The tender for the site was launched on 31 July 2018 and closed on 25 September 2018, with one bid submitted. The bid was not accepted as the price offered was below the reserve price.