JTC launches Gul Ave industrial site for application
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
JTC on Tuesday launched for application a 0.58 hectare site along Gul Avenue with a 20-year tenure.
The site has a gross plot ratio of 1.4 and is zoned B2 for heavy industrial use.
It is the fourth of five Reserve List sites under the first half of the 2020 industrial government land sales (IGLS) programme.
The launch is part of the government's efforts to offer more choices for industrial development, JTC said.
The three other industrial sites on the Reserve List available for application are located at the nearby 160 Gul Circle, on Kaki Bukit Road 5 and along Tuas South Link 3.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
