JTC launches sale of 2 confirmed list industrial sites at Tampines, Tuas

SINGAPORE – JTC said Tuesday (Dec 29) that it has launched the sale of two confirmed list sites at Tampines and Tuas by public tender under the second half 2015 industrial government land sales programme.

The 5,077.8 sq m parcel at Tampines Industrial Drive (Plot 5) and the 4,802.1 sq m site at Tuas South Link 2 (Plot 9) have 20-year leases and a maximum permissible gross plot ratio of 1.4.

Tenders for both sites close at 11am on Feb 23.

The Singapore government has further trimmed the supply of land for industrial development for the first half of next year due to what analysts said is huge existing supply and the struggle by developers to sell older stock.

It announced on Monday that it is offering six sites with a total area of 4.04ha on the confirmed list, down from 10 sites with a total area of 6.12ha in the second half of this year.

Confirmed list sites go on sale regardless of interest from developers, while reserve list sites are triggered for a public tender only if a developer makes an acceptable opening offer.