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Zoned for Business 2 use, the 12,266.6 sq m site has a leasehold tenure of 20 years and a gross plot ratio of 1.4. It also has a project completion period of 60 months. Photo: Google Screen Grab.
The tender for an industrial site at Jalan Papan (Plot 1) has been awarded to SH M&E Engineering Pte Ltd for $7.88 million, announced JTC on Thursday (13 August).
The site was the first of three land parcels under the confirmed list for the first half of the 2020 industrial government land sales programme.
| Location | Jalan Papan (Plot 1) |
|---|---|
| Zoning | Business 2 |
| Site Area | 12,266.6 sqm |
| Tenure | 20 years |
| Gross Plot Ratio | 1.4 |
| Project Completion Period | 60 months |
Zoned for Business 2 use, the 12,266.6 sq m site has a leasehold tenure of 20 years and a gross plot ratio of 1.4. It also has a project completion period of 60 months.
It was launched for sale on 25 February, with three bids received at the close of its tender on 14 July.
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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