The 9,508.2 sq m site has a gross plot ratio of 1.4 and a leasehold tenure of 20 years. Photo: JTC
The tender for an industrial site at Tuas West Avenue (Plot B) has been awarded to Progressive Builders, after it submitted a bid of $4.2 million, announced JTC.
Zoned for Business 2 use, the 9,508.2 sq m (approx. 102345.413 sq ft) site has a gross plot ratio of 1.4 and a leasehold tenure of 20 years. It has project completion period of 60 months.
The land parcel was launched for sale on 29 October 2019. JTC noted that the tender closed on 27 December 2019, with only one bid received.
The site was the second of four confirmed list sites released under the second half of the 2019 industrial government land sales programme.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org