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JTC releases 3 industrial sites in Tampines and Tuas for sale
JTC CORPORATION (JTC) has released two confirmed list sites - at Tuas South Street 11 and Tampines Industrial Drive - as well as one reserve list site at Tampines Industrial Drive under the second half 2014 industrial government land sales (IGLS) programme.
The two confirmed list sites are zoned for Business-2 development.
The one-hectare (ha) site at Tuas South Street 11 has a 20-year six-month tenure with a maximum permissible gross plot ratio of 1.0.
The 0.5ha site at Tampines Industrial Drive has a tenure of 20 years and a maximum permissible gross plot ratio of 1.4.
Tenders for both sites close on Jan 20, 2015, at 11am.
Separately, a site at Tampines Industrial Drive is released for application under the reserve list. The 0.6ha site has a 20-year tenure and a maximum permissible gross plot ratio of 1.4 and is slated for Business-2 development.
JTC said smaller plots with shorter tenure have been released since mid-2012 to meet the demand of industrialists who prefer to custom-build their own facilities, which is in line with government efforts to make industrial property more affordable.
The launch of the Tuas site in the West and the Tampines sites in the East also provides more location options for industrialists, said JTC.
Applications may be submitted to JTC for the site at Tampines Industrial Drive under the reserve list to be put up for tender.