Guan Peng Hardware wins bid for Jalan Papan Plot 8 site

The winning bid was $5.46m.

Guan Peng Hardware won the Jalan Papan (Plot 8) industrial site tender.

In an announcement, JTC said the scrap metal expert won the tender with a bid of $5.46m.

The tender for the site closed on 26 March.

The site spans 8,986 sqm and has a gross plot ratio of 1.4. The “Business 2” zoned site has a 20-year tenure.

The tender winner expects to complete the project at the site within 60 months.

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JTC Corporation

GLS tender

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