JTC has awarded the tender for an industrial site at Tuas South Link 2 (Plot 5) to the highest bidder, Hiap Shing Construction, which submitted a tendered price of S$3 million, it said in a press release on Thursday (Jan 14).
The tender for the site was launched on Sep 29, 2015 and closed on Nov 24, 2015 with three bids submitted, the national developer said.
The 5,050 sq m site has a tenure of 20 years, and a project completion period of 60 months, it added.
Separately, JTC said the tender for an industrial site at Tampines Industrial Drive (Plot 3) was launched on Sep 29 and closed on Dec 8 last year with two bids. However, there was no award for this tender as the usage proposed by the tenderer who submitted the higher bid was prohibited, while the second bid was too low.
Another industrial site at Tuas South Link 2 (Plot 11) was launched on Oct 27 and closed on Dec 22 last year with three bids. There was no award for this tender as well, as the highest bid was invalid due to non-compliance with stipulated tender conditions, while the other two bids were too low.
Source : Channel NewsAsia – 14 Jan 2016