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JTC has accepted an application to put up an industrial site at Tuas South Link 1 (Plot 1) for sale by public tender.
The land parcel was made available for application from June 24, 2014 through the reserve list system under the H1 2014 industrial government land sales (IGLS) Programme.
Reserve list sites are launched for tender only upon successful application by a developer. For this site, JTC received an application with a committed bid price of at least S$35 million.
"As the minimum price committed by the applicant is acceptable to the government, the site will be released for sale by public tender," it said.
JTC said under the reserve list system, the identity of the applicant will not be released.
The tender for the land parcel is scheduled for end-February with a tender period of six weeks.
The 3.33-hectare site is zoned for Business-2 development, or heavier and more pollutive industrial use. It has a 30-year tenure with a maximum gross plot ratio of 2.0.