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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Tuas South Link 3 industrial site sold for $2.68m

Meanwhile, the Woodlands Industrial Park E2/E5 failed to be awarded as bidders failed to meet standards.

JTC has awarded the tender for the industrial site at Tuas South Link 3 (Plot 14) to Wee Hur Construction Pte Ltd, at a tendered price of $2.68m.

According to a press release, the tender for the site was launched on 29 August 2017 and closed on 24 October, with three bids submitted.

With a business 2 zoning, the site has an area of 5,736.4 sqm and a tenure of 20 years.

Meanwhile, the tender for the industrial site at Woodlands Industrial Park E2/E5 will not be awarded.

The tender for the site was launched on 26 September 2017 and closed on 21 November 2017. Two bids were submitted. The highest bid was not accepted due to non-compliance with the stipulated tender conditions, whilst the second bid was not accepted as the price offered was too low.

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