No award of tender for Woodlands industrial site

Published Fri, Feb 14, 2020 · 06:44 AM

JTC Corp on Friday said it will not award the tender for the industrial site at Woodland Industrial Park E7/E8.

Only one bid was received for the site, but it was not accepted as the price offered was below the reserve price, JTC said in a statement.

The tender was launched on Nov 26, 2019 and closed on Jan 21, 2020.

The site has a 20-year tenure and spans an area of 0.77 hectare. It is zoned B2 for industrial use with a 2.5 gross plot ratio.

It was the third of four confirmed list sites released under the second half of the 2019 industrial government land sales programme.

Tuesday, 12 pm

Get an exclusive analysis of real estate and property news in Singapore and beyond.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes