Industrial site at Tampines Industrial Crescent sold for $55m

Oxley Bliss gets the tender as the highest bidder.

In a release, JTC awards tender for industrial site at Plot 3, Tampines Industrial Crescent

JTC Corporation has awarded the tender for the industrial site at Plot 3, Tampines Industrial Crescent to the highest tenderer, Oxley Bliss Pte Ltd at the tendered sum of $55,000,000. 

The tender for the site was launched on 29 June 2012 and closed on 24 August 2012, with 4 bids submitted.

The Business 2-zoned site  has a land area of 38,800 sqm, with a 30-year tenure. It has 1.7 gross-plot ratio and its project completion period spans 84 months. 

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