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This comes as the site received only one bid, which was not accepted since “the price offered was below the reserve price”.
Industrial landlord JTC revealed that no award of the tender will be made for the 0.77ha site at Woodlands Industrial Park E7/E8.
This comes as the site received only one bid, which was not accepted since “the price offered was below the reserve price”.
Launched for sale on 26 November 2019, the tender for the site closed on 21 January.
The site is zoned for B2 use with a gross plot ratio of 2.5 and a leasehold tenure of 20 years.
It was the third of four confirmed list sites for the second half of the 2019 industrial government land sales programme.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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