JTC to launch Gul Circle site for tender

Vivienne Tay

Published Fri, Aug 14, 2020 · 08:31 AM

JTC has accepted an application to put up an industrial site at 160 Gul Circle for sale by public tender. This was after it received an application with a committed bid price of not less than S$2 million for the land parcel.

The minimum bid price was acceptable to the government, hence the site will be released for sale by tender on Aug 25 for a period of six weeks.

The land parcel has a tenure of 20 years. It is zoned Business 2 for heavier industrial use and spans an area of 0.37 hectare with a gross plot ratio of 1.4.

The land parcel was made available for application through the reserve list system under the first half 2020 industrial government land sales programme.

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. This is opposed to confirmed list sites which are launched according to schedule, regardless of demand.