You are here

Tuas Avenue 6 industrial site on reserve list triggered for tender: JTC

JTC on Monday said it has accepted an application to put up an industrial site at Tuas Avenue 6 for sale by public tender. The land parcel is on the reserve list under the second half 2019 Industrial Government Land Sales (IGLS) Programme.

The site with a 20-year tenure has an area of 0.55 hectare and a gross plot ratio of 1.4. It is zoned B2 for industrial purposes.

JTC said it had received an application with a committed bid price of not less than S$2.55 million. The identity of the applicant was not disclosed.

The public tender is scheduled on Dec 31, with a tender period of six weeks.

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

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

 

sentifi.com

Market voices on: