JTC launches Jalan Papan industrial site for application
JTC on Tuesday launched an industrial site at Jalan Papan (Plot 5) for application. The land plot spans 0.56 hectare and has a 20-year tenure.
It has a gross plot ratio of 1.4 and is zoned B2 for heavy industrial use.
The land plot is the last of three reserve list sites for the second half of the 2020 industrial government land sales programme. The two other sites available for application are Jalan Papan (Plot 2) and Tampines North Drive 5 (Plot 11a).
The launch is part of the government's efforts to offer more choices for industrial development, JTC said in a press statement.
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. This is unlike confirmed list sites which are launched according to schedule, regardless of demand.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%
Amsterdam parking space up for grabs for half-a-million euros