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JTC Corporation (JTC) earlier this week announced the launch of an industrial site at Tuas South Street 7 under the second half Industrial Government Land Sales (IGLS) Programme.
The 0.5 ha zoned for Business-2 development has a tenure of 20 years 4 months and a gross plot ratio of 1.0. According to JTC, the winning firm has an option to subdivide the plot into strata-titled units so it could sell smaller units or custom-build its own facilities.
It was successfully triggered from the Reserve List with a minimum bid price of $4,200,000, JTC said in a press release.
It is noted that sites on the Reserve list released for sale only if an offer of a minimum price acceptable to the Government is received, or when there is enough market interest.
Tender for the site will close on 9 February.
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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