Industrial site at Serangoon North Avenue 5 sold for $27m

Popular Warehouse and Distribution got the award.

According to a release, JTC Corporation has awarded the tender for industrial site at Serangoon North Avenue 5 to the highest tenderer, Popular Warehouse and Distribution Pte Ltd at the tendered sum of $26,999,000.

The land parcel was zoned Business 1 with land area of 7,504 sqm and gross plot area of 2.5. It holds a land tenure of 30 years with a 60-month project completion period.

The tender for this site was launched on 28 September 2012 and closed on 23 November 2012, with 5 bids submitted. 

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