JTC Corporation has launched three land parcels for sale under the Industrial Government Land Sales (IGLS) programme – two Confirmed List sites at Tuas South Street 9 and Tanjong Penjuru, and one Reserve List one at Tuas South Street 7.
In a news release on Tuesday (Oct 28), JTC said all three sites are zoned for Business-2 development. The 0.8ha site at Tuas South Street 9 has a tenure of 20 years and seven months. The 1.6ha site at Tanjong Penjuru has a tenture of 20 years. Tenders for both sites close on Dec 23 at 11am.
The Tuas South Street 7 site is 0.5ha and has a tenure of 20 years and four months. Under the Reserve List system, this land parcel will only be released for sale if it receives an offer of a minimum price acceptable to the Government, or when there is sufficient market interest.
The launch of the sites is part of the Government’s efforts to offer more choices for industrial development, JTC said.
Source : Channel NewsAsia – 28 Oct 2014