JTC Corporation launched the second stage of its two-stage tender on Thursday to engage an operator for Jurong Rock Caverns (JRC), Singapore's first underground hydrocarbon storage facility. JTC said in a statement that phase one of the project on Jurong Island, which comprises five caverns, will be completed in stages between 2013 and 2014. It aims to appoint an operator by mid-2013, which will be given...
JTC
JTC Corporation (JTC) has launched the sale of three plots of industrial land -- one at Ubi Avenue and two at Tuas South -- by public tender. JTC said on Thursday that the three plots form the last batch of the 16 sites in the Confirmed List under the Industrial Government Land Sales (IGLS) for the second half of 2012. Measuring 0.35 hectares, the site at Ubi Avenue 4 has a lease term of 30 years and a...
JTC Corporation on Wednesday launched the sale of three industrial land parcels for public tender. The sites are located at Woodlands Avenue 10 and Tuas South Street 8. Measuring 1.07 hectares, the plot off Woodlands Avenue 10 has a lease term of 30 years and a maximum permissible gross plot ratio of 2.5. Tan Boon Leong, executive director for industrial services at Colliers International said the site...
JTC Corporation has launched a 2.83-hectare site at the junction of Kallang Avenue and Lavender Street for sale. The 60-year lease site has a maximum permissible gross plot ratio of 3.0. It is zoned for Business-1 White development. Tender closes on October 27. Source : Channel NewsAsia - 31 Aug...
JTC Corporation (JTC) on Friday said that it will be divesting two tranches of its properties totalling S$688.63 million to Soilbuild Group Holdings and Mapletree Industrial Trust as part of the second phase of its divestment exercise. These comprise over 300,000 square metres of property space in total. The first tranche, made up of ten blocks of flatted factories and amenity centres, will be awarded to...
JTC Corporation has invited local and foreign firms to submit proposals on industrial infrastructure development. JTC said on Wednesday that it has launched a "Request For Proposal" (RFP), seeking cutting-edge ideas on intensifying land use and accelerating construction time. A S$5m innovation fund has been set aside to support and develop ideas that will create new industrial infrastructure solutions to...
JTC Corporation (JTC) will launch a tender on Tuesday to invite potential buyers to submit their business proposals to bid for properties JTC is divesting. The portfolio of properties will be divided into two tranches comprising flatted factories and amenity centres with a total area of more than 300,000 square metres, located in various parts of Singapore. The Republic's main industrial infrastructure...
JTC Corporation has accepted an application from a developer to put up an industrial site at Ubi Road 1/Ubi Avenue 4 for sale via public tender. JTC said the developer has committed to bid at a price of not less than S$29.38 million in the tender for the land parcel. Zoned for "Business 1" development, the 1.24 ha site has a maximum gross plot ratio of 2.5 and a lease period of 60 years. The project has...
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...
Infrastructure specialist JTC Corp will launch a tender today to appoint a real estate consultant for the second stage of its divestment exercise. JTC wants to divest 20 blocks of flatted factories with a total area of more than 300,000 sq m. These high-rise ready-built properties, located in various parts of Singapore, already have a mature private sector market, it said. JTC said one of the objectives...