JTC released Tuas sites for sale by public tender

JTC Corporation (JTC) on Tuesday launched for sale by public tender two plots of land at Tuas.

The sites at Tuas South Street 6 and 7 are launched under the Industrial Government Land Sales (IGLS) Programme.

They have been zoned Business-2, which means the sites can be used for industry and warehouse purposes.

Plot 26 at Tuas South Street 7 measures 1.01 hectares, while Plot 31 at Tuas South Street 6 has a land area of 0.86 hectares.

Both land parcels have a tenure of 22 years and gross plot ratio of 1.0. Developers have up to 60 months to complete projects on the sites.

“In line with the government’s efforts to make industrial property more affordable, these plots come with shorter tenure and are targeted at industrialists who need to custom-build their own facilities,” JTC said in a statement.

The tender closes on September 4 at 11am.

Source : Channel NewsAsia – 24 Jul 2012

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