JTC Corporation has awarded the tender for an industrial site at Lavender Street/Kallang Avenue to PLC 8 Development.
The firm submitted the highest bid of S$218.3 million.
The 60-year-lease site is zoned for Business 1-White and has a land area of 28,348 square metres.
The industrial site has a gross plot ratio of 3.0 with a project completion period of 84 months.
It was launched for public tender on 31 August and closed on 27 October, with six bids submitted.
Source : Channel NewsAsia – 28 Nov 2011