HDB, JTC launch three industrial sites under H1 2015 Government Land Sales programme

THE Housing & Development Board (HDB) and JTC Corporation have launched two confirmed sites and one reserve-list site under the first-half 2015 Industrial Government Land Sales (IGLS) programme.

The two confirmed sites are at Ubi Avenue 1 and Tampines Industrial Drive (Plot 6) and the reserve-list site is at Tuas Bay Close.

The 0.6-hectare Ubi Avenue 1 site released by the HDB is zoned for Business 1 development and has a 30-year tenure with a maximum permissible gross plot ratio of 2.5.

The 0.47-hectare Tampines Industrial Drive (Plot 6) site launched by JTC is zoned for Business 2 development and has a 20-year tenure and a maximum permissible gross plot ratio of 1.4.

Separately, the 2.72-hectare Tuas Bay Close site released by JTC for application under the reserve list is zoned for Business-2 development. It has a 30-year tenure and a maximum permissible gross plot ratio of 1.7.

The closing dates for the tender for the land parcels at Ubi Avenue 1 and Tampines Industrial Drive are respectively 12pm and 11am on Aug 25, 2015. Applications can be submitted at the following places:

For Ubi Avenue 1 site: HDB's Procurement Office Basement 1, HDB Hub

480 Lorong 6 Toa Payoh, Singapore 310480

For Tampines Industrial Drive (Plot 6) site: Information Counter Level 1, The JTC Summit 8 Jurong Town Hall Road, Singapore 609434 or online from JTC's Customer Service Portal:

https://csp.jtc.gov.sg/portal/iglsdocumentpurchase.aspx.

Applications may also be submitted to JTC for the site at Tuas Bay Close under the reserve list to be put up for tender.

Under the reserve-list system, the land parcel will be released for sale only if more than one unrelated party submits minimum prices that are close to the government's reserve price for the site within a reasonable period.