An industrial site at Gambas Crescent (Parcel 3) has been awarded to
Far East Organization subsidiary Grow-Tech Properties, revealed the URA
on Friday.
Offered on a 30-year lease, the site attracted four bids when the tender closed on 10 December.
Grow-Tech Properties submitted the highest bid of S$39.33 million for the site.
Zoned Business 1, the land parcel has an area of 14,301.9 sq m and a maximum permissible gross plot ratio of 2.5.
Image: Aerial view of Gambas Crescent Parcel 3. (Source: URA)
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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