Tampines industrial site on reserve list triggered for tender: JTC

AN INDUSTRIAL site in Tampines has been triggered for sale after JTC received an application to bid at a minimum price of S$7 million, it said in a press statement on Wednesday (Apr 6).

The minimum price was deemed acceptable to the Singapore government and hence will be released for sale via a public tender to be launched on Apr 26.

The land plot, located at Plot 9 Tampines North Drive 5, has a 30-year tenure and gross plot ratio of 2.5. It spans 0.49 hectare and is zoned B2 for heavier industrial use.

It falls under the reserve list for the first half 2022 industrial government land sales programme. 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. This is unlike confirmed list sites - launched according to schedule regardless of demand.

The tender will close on Jun 7, 6 weeks from the tender launch date. (see amendment note)

Amendment note: A previous version of the story incorrectly stated the closing date for the tender to be on Jun 30, when it is in fact Jun 7.