Tag Archives: JTC Corporation

Five industrial land sites launched for public tender by JTC

Five industrial land sites at Mandai Link, Tuas South Street 7 and 8, and Plot 3 Tampines Industrial Crescent have been launched for public tender by JTC Corporation.

In a statement on Friday, JTC said the 2.2 hectares (ha) Mandai Link site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5. It is for Business-2 (B2) clean and light development.

The three sites at Tuas South Street 7 and 8, also zoned B2, range from 0.30 to 0.46 ha in size with a lease of 23 years each and a maximum permissible gross plot ratio of 1.0.

JTC added that these smaller plots with shorter tenure are to help meet the needs of industrialists who prefer to build their own customised facilities.

Meanwhile, the 3.88 ha site at Plot 3 Tampines Industrial Crescent has a lease of 30 years, with a maximum permissible gross plot ratio of 1.7. The site is within a bigger wafer fabrication park and is permitted for clean industrial activities that are compatible with the surrounding wafer fabrication operations.

The tenders for the sites at Mandai Link/Tuas South and Plot 3 Tampines Industrial Crescent will close at 11:00am on August 10 and August 24 respectively.

Source : CNA – 2012 Jun 29

Laguna club owner ordered to pay $1.56m to NSL Resorts

PROMINENT car and property player Peter Kwee has been ordered to pay about $1.56 million to NSL Resorts International, in a High Court judgment handed down yesterday.

Mr Kwee last week agreed to settle a dispute with NSL over debts he inherited when he bought the club, but was taken to court when he failed to pay. — BT FILE PHOTO

The ruling followed a long-running dispute between Mr Kwee, 62, and NSL Resorts which centred on the Laguna National Golf and Country Club, which has more than 3,000 members.

He bought the Tampines club in 2001 by taking over a total of $10 million in debt owed in different amounts to five shareholders – NSL Resorts, CapitaLand Marketing & Property Services, SLI Holdings, LN Golf Holding and Taiyo. Continue reading