JTC Corporation has awarded the tender for an industrial site at Tai Seng Link to OKH (Woodlands) Pte Ltd.
The company is a subsidiary of property developer OKH Holdings.
OKH (Woodlands) put in the top bid of S$23.3 million out of the four bids received for the site.
That’s about 28 per cent higher than the second bid of S$18.2 million submitted by Soilbuild Group Holdings.
Spanning 4,336 square metres, the site is zoned for clean and light business uses.
JTC said there’s a 30-year tenure for the site and the development of the project will be completed in five years.
Source : Channel NewsAsia – 13 Jul 2012