Bookmark & Share
JTC Corporation announced yesterday that they have released three sites for sale under the Industrial Government Land Sales (IGLS) programme for 2H 2014.
Specifically, two are Confirmed List sites at Tampines Industrial Drive (Plot 8) and Tuas South Street 11 (Plot 40), while the last one is a Reserve List site at Tampines Industrial Drive (Plot 9).
Spanning 0.5 ha, Plot 8 (pictured) has a leasehold tenure of 20 years and a maximum permissible gross plot ratio of 1.4, while the 1ha Plot 40 has a maximum permissible gross plot ratio of 1.0, along with a leasehold term of 20 years and six months.
Both industrial sites are zoned for Business 2 development, and the tenders for both sites will end on 20 January 2015.
Interested buyers can submit their applications for Plot 9. Measuring 0.6ha, the Reserve List site is intended for Business 2 projects. It has a leasehold tenure of 20 years, while maximum permissible gross plot ratio stands at 1.4.
Confirmed List sites are offered for sale regardless of market interest, while those on the Reserve List are only made available for public bidding if a developer submits a price acceptable to the government.
“In line with the government’s efforts to make industrial property more affordable, 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,” said JTC.
“The launch of the Tuas site in the West and the Tampines sites in the East also provides more location options for industrialists,” it added.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
Related Articles:
Sluggish sales for industrial property in Q3
JTC breaks ground for S$67m chemicals hub in Tuas
Mapletree Logistics Trust announces 2 capital recycling deals