JTC launches sale of two industrial sites in Tuas
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JTC has launched one confirmed list site at Tuas South Link 3 and one reserve list site at Tuas Bay Close under the first half 2018 Industrial Government Land Sales (IGLS) Programme.
The 0.43 ha site at Tuas South Link 3 is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. The tender closes at 11am on March 27 this year.
The 2.72 ha site at Tuas Bay Close is zoned for Business-2 development with a 30-year tenure and a maximum gross plot ratio of 1.7. The tender for this reserve site closes at 11am on March 13, 2018.
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 or when there is sufficient market interest for the site. A site is considered to have received sufficient market interest if more than one unrelated party submits minimum prices that are close to the Government's reserve price for the site.
The launch of the sites is part of the government's efforts to offer more choices for industrial development, said the JTC.
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