The tender for an industrial site at Tuas South Street 9 (Plot 52) has been awarded to Asiaone Logiistics & Warehousing at a top bid of S$7,038,000, JTC Corporation announced Monday (19 January).
Launched for tender 28 October, the site attracted a total of four bids at the close of the exercise last month.
Zoned Business 2, the site of 90,083 sq ft has a lease term of 20 years and seven months.
Meanwhile, another site on Tanjong Penjuru received two bids, however, JTC said the bids were not accepted because “the prices offered were too low.”
Composite Image: Industrial site at Tuas South Street 9 (Plot 52)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email firstname.lastname@example.org.