JTC launches four industrial sites

Singapore Business Review/28 November 2017

Two are in the Confirmed List, whilst the two others are on the Reserve List.

JTC launched tenders for two sites at Tampines North Drive 3 and Tuas South Link 3, as well as Woodlands Height and Woodlands Industrial Park E7/E8 under the second half of its 2017 Industrial Government Land Sales (IGLS) Programme.

According to a press release, this is the sixth and seventh out of eight Confirmed List sites and the fourth and fifth out of six Reserve List sites for the second half of 2017.

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.

The 0.48 ha site at Tampines North Drive 3 (Plot 2) and 0.60 ha site at Tuas South Link 3 (Plot 27) are zoned for Business-2 development and have a 20-year tenure with a maximum permissible gross plot ratio of 2.5 and 1.4, respectively.

The 1.61 ha site at Woodlands Height is zoned for Business-1 development with a 30-year tenure and a maximum gross plot ratio of 2.5, whilst the 0.88 ha site at Woodlands Industrial Park E7/E8 is zoned for Business-2 development with a 20-year tenure and a maximum gross plot ratio of 2.5.

The tender closes on 23 January 2018 at 11 a.m.

News Source: Singapore Business Review