SINGAPORE – JTC has launched two sites – in Tampine and Tuas – under the Government’s industrial land sales programme for the first half-year, the government agency said on Tuesday (Feb 23).
A parcel at Tampines is from the confirmed list of sites scheduled for sale on pre-determined dates. The 0.58 hectare plot at Tampines North Drive 3 (Plot 3) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender for this site closes on April 19 at 11 am.
The other parcel comes from the reserve list. This means it will be put on sale if it receives sufficient market interest, that is, if interested parties submit minimum prices that are close to the Government’s reserve price for the land.
This 3.33 ha reserve list site at Tuas South Link 1 (Plot 1) is also zoned for Business-2 development and has a 30-year tenure with a maximum permissible gross plot ratio of 2.0. Its tender closes on April 5 at 11 am.