The tender for three industrial sites (Plots 20, 22 & 24) at Tuas South Street 10 closed on Thursday, revealed JTC Corporation.
Offered on leases of 21 years and seven months, the sites have a maximum permissible gross plot ratio of 1.0 and are zoned Business 2.
With a site area of 3,036.2 sq m, Plot 20 received five bids with The Hi-Fi Company submitting the highest bid of S$3.105 million, followed by H P Construction & Engineering at S$2.810 million.
At 3,036 sq m, Plot 22 also attracted five bids. Brown Metal Engineering offered the top bid of S$3.235 million, while the lowest bid came from TG (2013) at S$2.09 million.
Meanwhile, EC Builders submitted the highest bid for Plot 24 at S$4.6 million. The 4,551.2 sq m site drew four bids with Cove 20 submitting the lowest bid of S$3.478 million.
A decision on the award of the tenders will be made after the bids have been evaluated.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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