The tender for the industrial site at Gambas Crescent (Parcel 3) attracted a total of four bids, with Grow-Tech Properties placing the highest bid at S$39.33 million.
According to data from the Urban Redevelopment Authority (URA), Grow-Tech Properties’ bid is 21 per cent higher than the second highest bid by First Shine Management Services.
The other two bidders were Eco-I which submitted a bid of S$29.8 million and Soilbuild Group Holdings with the lowest bid of S$17.3 million.
The plot spans 14,301.9 square metres and has a lease period of 30 years.
URA said a decision on the award of the tender will be made after the bids have been evaluated.
Source : Channel NewsAsia – 10 Dec 2013