SCB Terraform wins Tuas View Square industrial site tender

The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Tuas View Square to SCB Terraform Pte Ltd.

SCB Terraform submitted the highest bid of S$7.33 million for the site.

That translates to S$1,882.06 per square metre of gross plot ratio.

The site was launched for public tender on May 24 on a 45-year lease and closed on June 29.

The 4,352.5-square metre site has a maximum permissible gross plot ratio of 0.9 and is zoned for Business 2 development.

Source : Channel NewsAsia – 5 Jul 2011

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