JTC Corporation has put up an industrial site at Tai Seng Link for sale by public tender on Tuesday.
The 0.43-hectare site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5.
It has been zoned for B2 clean and light development, JTC said.
The Tai Seng Link site could potentially attract between eight and 17 bidders, said Nicholas Mak, executive director for Research & Consultancy Department at SLP International Property Consultants.
He said the winning bid could be in the range of S$15 million to S$20 million, or about S$130 to S$170 per sq ft per plot ratio in today’s market.
“This land parcel is strategically located within the Paya Lebar iPark (PLiP) slated for a lifestyle park, in the central part of Singapore,” Mr Mak said.
“The future development is slated for the production and warehousing of consumer-related products, data centre, and electronics.”
The tender will close on June 19 at 11am. The site is part of the Industrial Government Land Sales Programme for the first half of 2012.
Source : Channel NewsAsia – 24 Apr 2012