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JTC corporation on Wednesday (17 Decemeber) has launched a two sites in Tuas for sale by public
tender under the second-half 2014 Industrial Government Land Sales (IGLS) Programme.
The first site, which is on the confirmed list, is located at Tuas South Street 11. The 0.8ha site
zoned for Business-2 development has a 20-year five-month tenure and has a maximum permissible gross
plot ratio of 1.0. Tender for the site will close on 10 February 2015.
JTC also said that it has accepted application to launch a 0.5ha industrial site at Tuas South Street
7 for sale.
The site, which had been on the Reserve List, was made available for application earlier in October.
It is also zoned for Business-2 development and comes with a lease period of 20 years and four
months.
According to media reports, the site received a bid price of at least S$4.2 million from an unnamed
buyer.
It is noted that under the Reserve List, a site will but put up for sale if any interested party
submits an application for the site to be put up for tender with an offer of a minimum purchase price
that is acceptable to the Government.
Composite Image: Plot 42 on Tuas South Street 11. (Source: JTC)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg.
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