Ascendas has been awarded a S$98 million contract by JTC Corporation to build and manage a hi-tech International Business Park in Singapore. The development will be located in the vicinity of the Jurong East MRT station, Ayer Rajah Expressway and Boon Lay Way.
It is expected to be completed by end 2009 and will have a gross floor area of nearly 42,000 square metres.
The development is made up of two 12-storey blocks, catering to emerging high-tech, value-added industries and knowledge-intensive businesses.
It will also have a mix of food court, F&B outlets, al-fresco dining, childcare services, self-service banking lobby, convenience stores and showrooms.- CNA/so
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