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In a bid to provide more choices for industrial developments, the Urban Redevelopment Authority (URA) and JTC Corporation (JTC) launched today three sites under the 1st half 2014 Industrial Government Land Sales (IGLS) Programme.
This includes two Confirmed List sites at Gambas Crescent (pictured) and off Tuas South Avenue 7 (Plot 12), and one Reserve List site off Tuas South Avenue 14 (Plot 1).
Released by the URA, the 1.57ha Gambas Crescent site has a maximum permissible gross plot ratio of 2.5 and is zoned for Business-1 development. Meanwhile, the 276,632 sq ft site off Tuas South Avenue (Plot 12) launched by JTC is zoned for Business-2 development and has a maximum permissible gross plot ratio of 2.0. Both sites come with a 30-year tenure.
Separately, JTC also made a site off Tuas Avenue 14 (Plot 1) available for application under the Reserve List of same programme. The 358,438 sq ft site, zoned for Business-2 development, offers a maximum permissible gross plot ratio of 2.0.
“The launch of the Gambas Crescent site in the North and the Tuas South Avenue sites in the West will provide more location options for industrialists,” the release said.
It is noted that sites under the Confirmed List are to go for public tender regardless of interests from developers while sites on the Reserve List will only go on sale once an interested party submits an acceptable offer within a reasonable period.
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Nikki De Guzman, Junior Journalist at PropertyGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
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