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JTC Corporation has released three land parcels intended for Business 2 (B2) projects under the Industrial Government Land Sales (IGLS) programme, according to media reports.
A site at Tuas South Street 7 is offered on the Reserve List, while the two land parcels in Tuas South Street 9 and Tanjong Penjuru are part of the Confirmed List.
Under the Confirmed List, the 0.8ha site at Tuas South Street 9 has a tenancy period of 20 years and seven months, while the 1.6ha land parcel at Tanjong Penjuru has a tenure of 20 years. Tenders for both sites will close on 23 December.
Spanning 0.5 hectare, the lone land parcel under the Reserve List has a tenure of 20 years and four months. However, it will only be triggered for sale if there is adequate market interest, or a company has submitted a minimum price that is acceptable to the authorities.
The roll out of the sites is in line with the government’s efforts to provide more land choices for industrialists, said JTC.
Image (by JTC): Map of land parcel at Tuas South Street 9 (Plot 52)
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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