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JTC awards Tuas tenders

JTC Corporation has awarded the tenders for two industrial sites at Tuas. 

SINGAPORE: JTC Corporation on Thursday (Jul 24) awarded tenders for two industrial sites at Tuas. 

The larger site, located at Plot 39, Tuas South Street 11, with an area of 10,000 square metres, was awarded to Tiong Aik Construction, for about S$8.1 million. It has a gross plot ratio of 1.0 and a tenure of 20 years and 10 months.

The smaller site, located at Tuas Avenue 11, was awarded to Soon Hock Realty for about S$14.4 million. The 8,922 square metre site has a gross plot ratio of 1.4 and a tenure of 30 years.

The completion period for both projects is 60 months. JTC says the tenders for the two sites attracted a total of 14 bids.

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