JTC rejects bids for industrial site at Tampines North Drive 5

SINGAPORE (EDGEPROP) - There has been no successful bidders for the industrial site at Tampines North Drive 5, Plot 9, JTC announced on Nov 20.
The tender for the site was launched on July 30 and closed on Oct 22.
Although two bids were received for the site, the higher bid was not accepted as the price offered was below the reserve price, it says.
The Tampines North Drive 5 site was launched under the second half of the 2019 Industrial Government Land Sales (IGLS) programme. It has a lease tenure of 20 years and is zoned under “B2” for heavier industrial use. The land spans 0.49 hectare and has a gross plot ratio of 2.5.
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