JTC launches Kranji and Tuas sites for sale

STATE industrial landlord JTC on Tuesday launched a confirmed list site at Jalan Lam Huat (Plot A) and a reserve list site at Tuas South Link 3 (Plot 25) for sale under the first half 2017 Industrial Government Land Sales (IGLS) programme.

This is the fifth out of six confirmed list sites and the fourth out of five reserve list sites for the first half of 2017.

The 0.80 ha confirmed list site at Jalan Lam Huat (Plot A) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender closes on July 25 at 11 am.

The 0.47 ha reserve list site at Tuas South Link 3 (Plot 25) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.

Confirmed list sites are launched according to schedule, regardless of demand.

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.