4 industrial sites at Tuas South, Gambas Crescent up for tender

JTC Corporation (JTC) and Urban Redevelopment Authority (URA) on Thursday released four industrial sites for sale by public tender.

Offered under the Second Half 2013 Industrial Government Land Sales (IGLS) programme, the sites will provide more choices for industrial development.

The four sites have a total land area of 3.4 hectares.

Two sites in Tuas South, plots 4 and 28, have a 21-year 9-month tenure and a gross plot ratio of 1.0. They are zoned for Business-2 development.

Analysts say the Tuas South sites are likely to be popular with small- and medium-sized enterprises due to their affordability and limited industrial land in Singapore.

Chia Siew Chuin, director of research & advisory at Colliers, said both plots are likely to attract 8 to 10 contenders each, with strong competition expected for both sites.

The two other plots in Gambas Crescent, parcel 1 and 2, have a 30-year tenure and a gross plot ratio of 2.5. They are zoned for Business-1 development.

Located next to the industrial estate in Woodlands, analysts say these are larger sites which offer a variety of options for developers.

SLP International Property Consultants’ executive director Nicholas Mak said the sites may be developed into flatted factories, ramp-up factories, or a low-rise multi-storey development where some of the strata-units can come with high floor-to-ceiling height to cater to the needs of the logistics companies.

The tender for the sites at Tuas South will close on October 10 at 11am. The tender for the Gambas Crescent sites will close on October 17 at noon.

Source : Channel NewsAsia – 29 Aug 2013

Join The Discussion

Compare listings