Soon Hock was Awarded Industrial Site at Woodlands Avenue 12


Polaris @ Woodlands Site

Soon Hock Investment Group was given the tender for industrial site over at Woodlands Avenue 12 by JTC for S$82 million.

The site's tender opened on December 26, 2018 and closed on February 13, 2019, with six bids received. The tender was activated, according to a previous article, by a committed bid price of not less than S$36 million.

The 30 year contract on the 20,937 square meter manufacturing property allows for a combined gross plot ratio of 2.5 hectares. The Site is zoned for Business 2 for heavier commercial use, and the project is expected to take 84 months to complete at Polaris @ Woodlands.

Under the second half of the 2018 Industrial Government Land Sales Programme, the land parcel was made eligible for application via the Reserve List scheme.