JTC Corporation to release Yishun industrial site for sale

JTC Corporation will launch an industrial site for sale by public tender on August 23.

The 4.65-hectare site is located at Yishun Street 23 and Yishun Avenue 9.

The plot which has a 60-year lease is on the Confirmed List of the industrial government land sales programme.

JTC said the site will be developed as a ramp-up factory with direct vehicular access to all commercial units within the building.

The 6- to 8-storey high project will contain a minimum of 27 units and it is expected to be completed in three years.

The units will range between 1,000 square metres and 3,000 square metres in gross floor area.

The tender will close on October 4.

In addition, JTC has also pre-launched a project, Biopolis phase 5. To be launched on October 4, it will be made available through the Concept and Price Tender.

The project will have a gross floor area of over 46,000 square metres. It will have a 30-year lease, with an option for another 30-year renewal.

The project is expected to be ready by early 2013.

The tender will close in early December.

Source : Channel NewsAsia – 20 Aug 2010

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