ANNOUNCEMENT
13 March 2007
JTC awards tender for industrial site at L1 Enterprise Road
1 JTC Corporation (JTC) has awarded the tender for industrial site at L1 Enterprise Road to the highest tenderer, CTE Properties Pte. Ltd.
2 The particulars of the awarded land parcel are as follows:
|
Location |
Land Parcel at L1 Enterprise Road |
|
Site Area (sq m) |
20,122 sq m |
|
Type of Development |
Business 2 |
|
Permissible Gross Plot Ratio |
1.4 |
|
Lease Period |
30 years |
|
Tendered Sale Price (psm/gpr) |
$11,400,000 ($404.67psm/gpr) |
Note: The tendered rate ($ 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 L1 Enterprise Road was launched on 21 December 2006 and closed on 1 February 2007, with eight bids submitted.
About JTC Corporation
JTC Corporation (JTC) is the lead agency in Singapore to develop key industrial facilities and vibrant industrial space, in support of the nation's economic development. Currently, the Corporation has under its management many developments including four wafer fab parks and an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries.
JTC also plays a catalytic role in sourcing and introducing leading edge real estate solutions – such as specialised research facilities and underground caverns – to anchor important activities critical to the growth of the economy. It is the master developer for one-north at Buona Vista – a 200-hectare development for research & development and entrepreneurial activities. With a focus on knowledge-intensive activities in the biomedical, infocomm and media industries, one-north will be a niche environment for innovation incorporating research laboratories, offices, homes, parks and educational institutions. JTC’s home page address is http://www.jtc.gov.sg.