JTC announced on Tuesday that the tender for an industrial site at Jalan Papan, Plot 7, will not be awarded because the highest bid was below the reserve price.
The tender for the site was launched on Dec 29, 2020 and closed on Feb 23, 2021. Two bids were received but both were not accepted.
Plot 7 was the last of three confirmed list sites under the second half of Singapore's 2020 industrial government land sales programme. Confirmed list sites are launched according to schedule regardless of demand.
Spanning almost 0.9 hectare, the site has a gross plot ratio of 1.4 and comes with a 20-year tenure. It is zoned B2 for heavy industrial use.
In its press statement last December, JTC said the latest site launch is part of the government's efforts to offer more choices for industrial development.