JTC launches 2 sites under industrial government land sales programme

JTC has launched one confirmed list site at Tampines Industrial Drive and one reserve list site at Woodlands Height under the second half 2015 industrial government land sales (IGLS) programme.

The site at Tampines Industrial Drive occupies 0.41 hectare and is zoned for Business 2 development. It has a 20-year tenure with maximum gross plot ratio of 1.4. The tender for the site closes on Jan 19 at 11am.

The reserve site at Woodlands Height occupies 1.61 hectares and is zoned for Business 1 development. It has a 30-year tenure with a maximum permissible gross plot ratio of 2.5.

Under the Reserve List system, a land parcel will 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.

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