for completion notificationThe award for the industrial GLS site at Kallang Way has been given to CapitaLand Development’s subsidiary, CL Savour Property, for its top bid price of $368.901 million. This bid was 14.9% higher than the second highest bid submitted by a consortium of Soon Hock Group, BHCC Construction and Evermega. The site, which was launched as part of JTC’s 1H2024 IGLS programme, is the first of its kind to be designated for adaptive reuse of a former industrial building. The existing terrace factory on the site will be retained and adapted for continued industrial use. According to Tang Hsiao Ling, director of JTC’s urban planning and architecture division, this integration of adaptive reuse is part of a strategic plan to sustainably rejuvenate the area while also reducing carbon emissions in the built environment. The 474,772 sq ft site is zoned Business 2 under the master plan and has a maximum gross floor area of 1.23 million sq ft. With a 33-year tenure, the site is part of a designated food zone and will feature food manufacturing spaces and retail uses in order to inject vibrancy into the surrounding industrial area.
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