ANNOUNCEMENT
JTC awards tender for industrial site at L2 Serangoon North Ave 4
JTC Corporation (JTC) has awarded the tender for industrial site at L2 Serangoon North Ave 4 to the highest tenderer, First KNG Pte. Ltd.
2 The particulars of the awarded land parcel are as follows:
|
Location |
Land Parcel at L2 Serangoon North Ave 4 |
|
Site Area (sq m) |
9,458 sq m |
|
Type of Development |
Business 1 |
|
Permissible Gross Plot Ratio |
1.4 |
|
Lease Period |
60 years |
|
Tendered Sale Price (psm/gpr) |
$8,699,000 ($919.75psm/gpr) |
Note: The tendered rate ($ per square metre) is derived from the tendered sale price offered, tendered site area and the permissible gross plot ratio of the land parcel tendered for.
3 The tender for L2 Serangoon North Ave 4 was launched on 17 November 2006 and closed on 28 December 2006, with nine bids submitted.