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