JTC Corporation has launched two Confirmed List sites and one Reserve List site under the Industrial Government Land Sales programme.
Under the Confirmed List, the 0.6 ha site at Tuas South Link 2 and 0.5 ha site at Tampines Industrial Drive have a 20-year tenure and a maximum permissible gross plot ratio of 1.4. The tenders will close on Jul 21 at 11:00am, said JTC in a news release on Tuesday (May 26)
Separately, another 0.5 ha site at Tampines Industrial Drive was released for application under the Reserve List. The site has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.
The launch of the sites is part of the Government’s efforts to offer more choices for industrial development, said JTC. The launch of the Tuas South Link 2 site in the west and the Tampines Industrial Drive sites in the east provides industrialists with more location options, JTC added.
Applications may also be submitted to JTC for the site at Tampines Industrial Drive under the Reserve List to be put up for tender.
Under the Reserve List system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the Government, or when there is sufficient market interest for the site.
Source : Channel NewsAsia – 26 May 2015