JTC awards Tai Seng Link industrial site to OKH

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

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