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SG Tenders awarded for two industrial sites

Property Here - Monday, November 11, 2013

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The tender for two industrial sites at Tuas South Street 6 (Plot 4) and Tuas South Street 7 (Plot 28) has been awarded by JTC Corporation to Derman Aluminum (S) and Reclaims Enterprise, after they submitted the highest bids of S$2.88 million and S$5.33 million respectively.

Launched for sale on 29 August, the tender exercise closed on 10 October, with both sites receiving a total of 15 bids.

Plot 4 has an area of 3,036.7 sq m while Plot 28 measures 5,047.4 sq m. Zoned Business 2, the two sites have a 21 year and nine months lease and gross plot ratio of 1.0.