Three sites launched for industrial development

Three sites have been launched for industrial development, under the first half of 2014 Industrial Government Land Sales (IGLS) Programme.

Located at Woodlands Avenue 12, a 3.9 ha site released by the Urban Redevelopment Authority (URA) has been zoned for Business-1 development and has a 30-year tenure and a maximum permissible gross plot ratio of 2.5.

A second site, at 8,922 sq m, has been released by JTC Corporation at Tuas Avenue 11. It is zoned for Business-2 development, with a lease of 30 years, and a maximum permissible gross plot ratio of 1.4.

The third site, launched for sale by JTC, is located at Tuas South Street 11. Triggered from the Reserve List, the minimum bid for the land parcel is S$6 million. Zoned for Business-2 development, the site has a 20-year 10-month tenure and a maximum permissible gross plot ratio of 1.0.

In a statement released on Tuesday, URA and JTC said that the three sites will provide “more location options for industrialists”, and that the different land tenures and sizes offered will cater to industrialists who prefer to purchase strata-titled industrial property, as well as those who prefer to have the flexibility to custom-build their own facilities.

Tenders will close on July 1.

Source : Channel NewsAsia – 29 Apr 2014

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