ANNOUNCEMENT
JTC awards tenders for industrial sites at L1 Commonwealth Drive / Lane
and Jalan Tepong
Singapore, 29 November 2007 – JTC Corporation (JTC) has awarded the tenders for the following industrial sites:
2 L1 Commonwealth Drive / Lane was awarded to the highest tenderer, WHB Pte Ltd. Particulars of the awarded land parcel are as follows:
|
Location |
Land Parcel at L1 Commonwealth Drive/Lane |
|
Site Area (sq m) |
11,175 sq m |
|
Type of Development |
Business 1 |
|
Permissible Gross Plot Ratio |
2.5 |
|
Lease Period |
30 years |
|
Tendered Sale Price (psm/gpr) |
$51,228,228 ($1,833.67 psm/gpr) |
Note: The tendered rate ($ 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.
The tender for L1 Commonwealth Drive/Lane was launched on 21 September 2007 and closed on 2 November 2007, with 14 bids submitted.
3. Jalan Tepong was awarded to the highest tenderer, EL Development Pte Ltd.
The particulars of the awarded land parcel are as follows:
|
Location |
Land Parcel at Jalan Tepong |
|
Site Area (sq m) |
20,867 sq m |
|
Type of Development |
Business 2 |
|
Permissible Gross Plot Ratio |
1.4 |
|
Lease Period |
23 years |
|
Tendered Sale Price (psm/gpr) |
$9,480,000 ($324.50psm/gpr) |
Note: The tendered rate ($ 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.
The tender for Jalan Tepong was launched on 28 September 2007 and closed on 9 November 2007, with six bids submitted.