Soilbuild snaps up Tuas South Link 3 site at $2.63 mil

By Angela Teo / EdgeProp | January 26, 2018 2:12 PM SGT
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JTC Corporation announced on Jan 25 that Singapore-listed construction firm Soilbuild Construction Group has been awarded the industrial site at Tuas South Link 3 (Plot 16). Soilbuild Construction bid about $2.63 million for the site, which was launched for sale under the 2H2017 Industrial Government Land Sales (IGLS) programme in September 2017.
The Tuas South Link 3 (Plot 16) site comes with a 20-year lease, and is zoned for “Business-2” use with a gross plot ratio of 1.4. Soilbuild Construction was the sole bidder for the site.
JTC also announced that a separate tender for the industrial site at Jalan Lam Huat (Plot B) will not be awarded. That site received one bid, which fell below JTC’s reserve price.
Map of Tuas South Link 3 (Plot 16)
(Credit: URA)

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