JTC Corporation has launched an industrial site for sale by public tender.
The 1.24 hectare site is located at Ubi Road 1/Ubi Avenue 4.
The plot, which has a 60-year lease, was made available for sale through the Reserve List system on 30 October 2009.
On December 30 last year, JTC said it had received an application from a developer to put up the land parcel for tender.
The developer has committed to bid at a price of not less than S$29.38 million for the land parcel in the public tender.
JTC said the site has a maximum permissible gross plot ratio of 2.5 and is zoned for “Business 1 development”.
The tender will close on March 7.
Source : Channel NewsAsia – 24 Jan 2011