JTC has awarded the tender for an industrial site at Tuas South Link 2 (Plot 5) to Hiap Shing Construction.
The tendered price of S$3.0 million helped the company inch out two other bidders.
The 5,050 square metre site has a gross plot ratio of 1.4. It has a tenure of 20 years and is zoned Business 2.
Separately, the tender for an industrial site at Tampines Industrial Drive (Plot 3) was launched on Sept 29 and closed on Dec 8.
Of the two bids submitted, the higher bid was rejected as the usage proposed by the tenderer is prohibited, and the second bid was not accepted as the price offered was too low.
The tender for another industrial site at Tuas South Link 2 (Plot 11) was launched on Oct 27 and closed on Dec 22.
Three bids were submitted. The highest bid was invalid due to non-compliance with the stipulated tender conditions, and the second highest bid was not accepted as the price offered was too low.
This article was first published on January 15, 2016.
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