24 Sep '14, 1am

Healthy interest for Tuas industrial site

Healthy interest for Tuas industrial site

E-mail to friend Bookmark & Share A 554,235 sq ft industrial site in Tuas South Street 7 attracted eight bids, with the highest at SS$5.2 million or S$96 per sq ft per plot ratio, according to media reports. Zoned for B2 industries, the land parcel has a plot ratio of 1, while the lease is valid for 20 years and 10 months. “The relatively healthy participation in (the) tender is partly due to the limited supply of such small sites in the current industrial Government Land Sales programme, said SLP International research head Nicholas Mak. Another likely factor is the affordability, said experts. IG Tuas submitted the top bid, followed by New Hope Singapore’s offer of S$4.79 million or S$88 per sq ft per plot ratio and L&P Blasting’s bid of S$4.1 million or S$76 per sq ft per plot ratio. When the site was put up for sale in July, experts forecasted that the bid would range ...

Full article: http://www.commercialguru.com.sg/property-management-news...

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