JTC Corporation has awarded the tender for the Industrial Government Land Sales site at Tampines Industrial Avenue 4 to Soon Hock Tuas Development.
The company submitted the highest bid of about S$33 million.
All in, JTC Corp received 10 bids.
The industrial site, located within Tampines Wafer Fab park, spans an area of 5 hectares.
It has a gross plot ratio of 0.64 to 0.8 which will yield a total Gross Floor Area of close to 40,000 square metres.
The tender for the 30-year lease site closed on May 12.
Source : Channel NewsAsia – 1 Jun 2010