JTC Awards Tender for Industrial Site at Jalan Papan (Plot 9)
18 Mar 2022
JTC has awarded the tender for the industrial site at Jalan Papan (Plot 9) to Kok Tong Transport & Engineering Works Pte Ltd, at a tendered sum of $6,151,000.00. Launched on 30 November 2021, the tender closed on 11 January 2022, with one bid received.
The particulars of the awarded land parcel are as follows:
| Location | Zoning | Site Area (sqm) | Tenure | Gross Plot Ratio | Project Completion Period |
|---|---|---|---|---|---|
|
Jalan Papan Plot 9 |
Business 2 |
10,125.3 |
20 years |
1.4 |
60 months |
Separately, the tender for the industrial site at Jalan Papan (Plot 8) will not be awarded. The tender for the site was launched on 28 December 2021 and closed on 22 February 2022, with one bid received. The sole bid was not accepted as the price offered was below the reserve price.