ANNOUNCEMENT
JTC awards tender for industrial site at L7 Pioneer Road / Tuas Avenue 11
Singapore, 12 November 2007 – JTC Corporation (JTC) has awarded the tender for industrial site at L7 Pioneer Road / Tuas Avenue 11 to the highest tenderer, Soilbuild Group Holdings Ltd.
2 The particulars of the awarded land parcel are as follows:
|
Location |
Land Parcel at L7 Pioneer Road / Tuas Avenue 11 |
|
Site Area (sq m) |
21,871 sq m |
|
Type of Development |
Business 2 |
|
Permissible Gross Plot Ratio |
1.4 |
|
Lease Period |
30 years |
|
Tendered Sale Price (psm/gpr) |
$12,200,000 ($398.44psm/gpr) |
Note: The tendered rate ($ 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 6 September 2007 and closed on 18 October 2007, with six bids submitted.