JTC Corporation has awarded the tender for an industrial site at Old Toh Tuck Road/Toh Tuck Avenue to Incorporated Builders.
The developer submitted the highest bid of S$8.7 million for the 10,083 square metre land parcel.
Tender for the site was launched on October 29 last year and closed on December 10, with five bids submitted.
The land usage, zoned for Business 2, is meant for logistics facilities – which can be used for storage, packaging, containerisation and general warehousing.
The 30-year leasehold site has a gross plot ratio of 1.6 and a project completion date of 96 months.
Source : Channel NewsAsia – 17 Jan 2011