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JTC launches public tender for 0.8-hectare site in Tuas
JTC Corporation on Tuesday offered a land parcel in Tuas under the Industrial Government Land Sales programme.
The 0.8-hectare (ha) site at Tuas South Street 11, which is zoned for business development, will be available for sale by public tender. The tender closes at 11am on March 24.
The site on the confirmed list has a 20-year four-month tenure, and a maximum permissible gross plot ratio of 1.0.
The Ministry of Trade and Industry (MTI) had said in December it will be offering a total of nine sites under the confirmed list and five sites on the reserve list totalling 14 ha of land for sale under the Industrial Government Land Sales Programme for the first half of 2015.
The confirmed list of nine sites occupies 6.46 ha of land while the reserve list will yield 7.62 ha. In H2 and H1 2014, the figures for the confirmed list sites were 12.06 ha and 12.07 ha respectively.
A site in the reserve list is launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.