JTC launches three sites for sale

JTC Corporation on Monday (Sep 29) launched two Confirmed List sites at Tuas South Street 9 and Tampines North Drive 1, as well as one Reserve List site at Tuas South Street 6, for sale.

The land sales were launched under the second half of the 2014 Industrial Government Land Sales (IGLS) Programme, it announced in a news release on Monday.

The two Confirmed List sites are zoned for Business-2 development. The site at Tues South Street 9 (Plot 50) has a 20-year 8-month tenure with a maximum permissible gross plot ratio of 1.0, and measures 0.8 hectare (ha). The site at Tampines North Drive 1 (Plot 1) has a lease of 30 years and a maximum permissible gross plot ratio of 2.5. The site measures 2.7 ha, according to JTC.

The tenders for both sites close on Nov 24 at 11am, it added.

Separately, the site at Tues South Street 6 (Plot 46) was released for application under the Reserve List. Zoned for Business-2 development, the site has a 20-year 4-month tenure and a maximum permissible gross plot ratio of 1.0, JTC says.

Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.

Source : Channel NewsAsia – 29 Sep 2014

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