JTC issued the letter on Nov 13, while Cogent Jurong Island accepted on Nov 29. The latter will take possession of the land on Dec 1.
COSCO Shipping International, through its wholly-owned subsidiary, Cogent Jurong Island, has accepted the offer made by JTC Corporation, for the lease of the land at Tembusu Crescent at Jurong Island.
The land comes with a 30-year lease commencing from Feb 1, 2025. It measures 25,000 sqm (269,097.76 sq ft) with a maximum gross plot ratio of 2.5.
