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JTC awards tender for Fusionopolis Phase 5

 

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Singapore, 9 July 2012 – JTC Corporation (JTC) has awarded the Concept and Price Tender (CPT) for Fusionopolis Phase 5, a 1.92-hectare business park site, to the highest bidder, Ascendas Land (Singapore) Pte Ltd, at the tendered sum of $172,775,680.00.
 
2.         Fusionopolis Phase 5 will be a multi-tenanted facility that provides additional ready-built spaces for companies in the business of info-communication technology, media, electronics, physical sciences and engineering. The development will provide a gross floor area of 67,490 square metres and is targeted to complete in the fourth quarter of 2014.
  
3.         The CPT is based on a two-envelope system.  Both price and non-price criteria, such as development concept, design intention and business proposal for Fusionopolis Phase 5 were evaluated in two separate stages. The tender which was launched on 16 December 2011 and closed on 9 March 2012, received a total of 5 bids.  Project details of Fusionopolis Phase 5, the location map and an artist’s impression are listed at Appendices A, B and C respectively.
 
4.         Fusionopolis is a 30-hectare cluster at one-north created strategically for R&D activities in infocomm, physical sciences and engineering to flourish.   The development of Fusionopolis started in 2003 and is being carried out in phases. Phases 1 and 2B were completed in July 2008 and October 2010 respectively. Phases 3 and 4 are currently under construction and are slated to be completed by 2013, and Phase 2A is targeted for completion by 2014.
 
 
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Appendix A
 


Fusionopolis Phase 5 Project Details
Location
Fusionopolis Way, one-north
Land Area
19,283 sqm
Project Tenure
60 years
Land Zoning/Use
Business Park White – 15
Plot Ratio
3.5
Permissible Gross Floor Area
67,490 sqm

 

 
 Appendix B
 
 

 

 

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Last updated: 13 July 2012