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JTC Corporation announced Monday (29 September) the launch of three industrial sites South under the 2H2014 Industrial Government Land Sales (IGLS) Programme. These include two confirmed list sites located at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1), and one Reserve List site at Tuas South Street 6 (Plot 46).
The 0.8 ha site at Tuas South Street 9 (Plot 50) is offered on a 20-year 8-month tenure, and comes with a maximum permissible gross plot ratio of 1.0, while the 2.7 ha site at Tampines North Drive 1 (Plot 1) has a lease term of 30 years and comes with a maximum permissible gross plot ratio of 2.5. Both sites are zoned for Business-2 development, and the tender for both sites will close on 24 November.
Separately, a Reserve List site at Tuas South Street 6 (Plot 46) has been release for application. The site, zoned for Business-2 development, measures 75,218 sq ft. It is offered on a 20-year 4-month tenure and has a maximum permissible gross plot ratio of 1.0.
According to JTC, the launch of the sites is part of the government’s efforts to offer more choices for industrial development, adding that the different land tenures and sizes cater to industrialists who prefer to purchase strata-titled industrial property as well as those who prefer to have the flexibility to custom-build their own facilities.
Image: Location of Tampines North Drive 1 (Plot 1) site. (Source: JTC)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
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