2 sites launched under industrial government land sales programme

JTC has launched a Confirmed-List site in Tampines Industrial Drive and a Reserve-List site in Woodlands Height under the industrial government land sales (IGLS) programme for the second half of this year.

The site in Tampines occupies 0.41 ha and is zoned for Business 2 development. It has a 20-year tenure with a maximum gross plot ratio of 1.4. The tender for this site closes at 11am on Jan 19.

Ong Kah Seng, director at R'ST Research, said he expects between three to five bids for this site, with an expected top land bid of S$65 to S$70 per square foot per plot ratio (psf ppr).