JTC launches Tuas West Avenue site for tender
JTC on Tuesday said it has launched one site at Tuas West Avenue for tender under the second half of the 2019 Industrial Government Land Sales (IGLS) programme.
The launch is part of the government's efforts to offer more choices for industrial development, JTC said in a press statement.
Tuas West Avenue (Plot B), which has a 20-year tenure, occupies a site area of 0.95 hectare.
It also has a gross plot ratio of 1.4, and has been zoned "B2" for heavier industrial use.
The development is the second of four confirmed list sites under the second half of the 2019 IGLS programme.
A confirmed list site is launched according to a schedule, regardless of demand, while one on the reserve list is triggered for sale once a developer's indicated minimum price is acceptable to the government.
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Malaysia’s Forest City family office push gains traction, but ecosystem gaps remain