The property is a 2-storey factory with a land area of approximately 6,498.5 sqm and a gross floor area of approximately 5,490.4 sqm. Lincotrade intends to relocate its operations and dormitories to the Tuas property from its current premises at 39 Sungei Kadut Loop, the lease of which will expire on Feb 28.
Lincotrade and Associates Holdings (SGX:BFT
) has successfully bid for a JTC Corporation property at 5 Tuas Avenue 12 with a tender price of $9.6 million.
On Jan 16, the company announced that its wholly-owned subsidiary had received a letter of award from JTC for the leasehold property with a tenure of 20 years commencing from March 26.
