Industrial site at Lavender St/Kallang Ave awarded to PLC 8

Share  |    |   Comment  |   E-mail to friend  |   Bookmark & Share   

An industrial site at the corner of Lavender Street and Kallang Avenue has been awarded by JTC Corporation to PLC 8 Development Pte Ltd.

The company submitted the highest bid of S$218.3 million in a public tender that closed on 27 October 2011.

Launched for sale on 31 August 2011, the 60-year leasehold industrial site has a total area of 28,348 sq m and a gross plot ratio of 3.0. It is zoned for Business 1-White development and is expected to be completed in seven years.

For the latest property news, trends, resources and expert opinions, visit our property news section. Home buyers, sellers or property renters looking for a Singapore property may like to visit http://www.propertyguru.com.sg today.

Share  |    |   Comment  |   E-mail to friend  |   Bookmark & Share