Saturday, July 14, 2012

JTC awards Tai Seng Link industrial site to OKH Posted: 13 July 2012 1615 hrs

SINGAPORE: JTC Corporation has awarded the tender for an industrial site at Tai Seng Link to OKH (Woodlands) Pte Ltd.

The company is a subsidiary of property developer OKH Holdings.

OKH (Woodlands) put in the top bid of S$23.3 million out of the four bids received for the site. 

That's about 28 per cent higher than the second bid of S$18.2 million submitted by Soilbuild Group Holdings.

Spanning 4,336 square metres, the site is zoned for clean and light business uses. 

JTC said there's a 30-year tenure for the site and the development of the project will be completed in five years. 

Martin Koh | 86666 944 | R020968Z
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