JTC launches confirmed list site at Jalan Papan for tender
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JTC has launched 1 site at Jalan Papan (Plot 4) for tender. The site is the first of 3 confirmed list sites for the first half of 2022 industrial government land sales programme.
The land plot spans 0.56 hectare and has a 20-year tenure, JTC said in a press statement on Tuesday (Feb 22). It also has a gross plot ratio of 1.4 and is zoned B2 for heavy industrial use.
Confirmed list sites are launched according to schedule regardless of demand. This is unlike the reserve list system, where a land parcel will only be released for sale if it receives an offer at a minimum price that is acceptable to the government.
The tender closes at 11 am on Apr 19, 2022.
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