JTC launches Tampines North, Gul Circle industrial sites for tender

Singapore

JTC on Tuesday launched two land parcels for tender. One of the sites is at Tampines North Drive 3 (Plot 2), while the other is at 160 Gul Circle.

The land parcel at Tampines North Drive 3 (Plot 2) is the first of three confirmed list sites for the second half of the 2020 Industrial Government Land Sales (IGLS) programme. It spans an area of 0.48 ha and has a gross plot ratio of 2.5. The tender for the parcel will close on Oct 20 at 11am.

The 160 Gul Circle parcel was made available for application through the reserve list system under the first half of the 2020 IGLS programme. It spans an area of 0.37 ha and has a gross plot ratio of 1.4.

JTC said it received an application for the land parcel to be offered for public tender, with a committed bid price of no less than S$2 million. The tender for 160 Gul Circle will close on Oct 6 at 11am.

Both sites are zoned Business 2 for heavier industrial use, have a tenure of 20 years and a project completion period of 60 months.

A site on the reserve list is released for launch if a developer's indicated minimum price in its application is acceptable to the government.

The government will also place a land parcel for tender if there is sufficient market interest in the form of more than one unrelated party submitting minimum purchase prices that are close to the government's reserve price for the site, within a reasonable period.

Confirmed list sites, on the other hand, are launched according to schedule, regardless of demand.