JTC launches site at Old Toh Tuck Road

JTC said it launched the site at the junction of Old Toh Tuck Road and Toh Tuck Avenue for sale by public tender on Friday.

The 1.01 hectare site has a lease of 30 years. It is on the confirmed list of the so-called Industrial Government Land Sales (IGLS) programme.

Zoned “Industrial Business 2,” the site has a plot ratio of 1.6 and will be developed for use by logistics businesses.

JTC said interested developers have up to 6 weeks to submit their tender bids.

The tender will close on December 10, 2010.

The site is situated within Toh Tuck Logistics Park, from where companies such as Agility Logistics and Sanyo Singapore conduct operations.

Its close proximity to the Pan Island Expressway provides easy access to other expressways and many other parts of Singapore.

The site is situated near the upcoming Jurong Gateway which is planned to be the biggest vibrant commercial hub located outside the city centre.

Source : Channel NewsAsia – 29 Oct 2010