JTC puts up 2 industrial land sites for sale in Tampines

JTC on Tuesday (Apr 26) launched 2 sites in Tampines under the Industrial Government Land Sales (IGLS) programme.

The site located at Plot 10 Tampines North Drive 5 is the second of 3 parcels that are on the confirmed list for the first half of the 2022 IGLS Programme. The land plot, which has a 20-year tenure, spans 0.5 hectare. It has a gross plot ratio of 2.5 and is zoned B2 for heavy industrial use.

The site at Plot 9 has been made available for application through the reserve list system. The land plot, which has a 20-year tenure, spans 0.49 hectare. It has a gross plot ratio of 2.5 and is zoned B2 for heavy industrial use. Both sites are near the Giant and Ikea cluster.

JTC received an application for the site to be put up for public tender, with a committed bid price of not less than S$7 million, it announced on Apr 6.

Under the reserve list system, a land parcel will only be released for sale if there is an offer of a minimum price that is acceptable to the government. However, the confirmed list sites are launched according to schedule regardless of demand.

Interested parties can make an application for the plot 9 site until 11 am on Jun 7, 2022 and the plot 10 site until 11 am on Jun 21, 2022.