Two industrial sites launched by JTC

JTC on Tuesday (Nov 24) announced it is launching two industrial sites under the second half 2015 Industrial Government Land Sales Programme.

Under the Programme, the 0.41-hectare plot of land at Tampines Industrial Drive was launched under the Confirmed List. It is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Interested parties are to apply before the tender closes on Jan 19 at 11am, said the press release.

JTC has also launched a 1.61-ha Reserve List site at Woodlands Height. The site is zoned for Business-1 development and has a 30-year tenure with a maximum permissible gross plot ratio of 2.5.

Under the Reserve List system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the Government or when there is sufficient market interest for the site, according to the press release.

Source : Channel NewsAsia – 24 Nov 2015

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