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Singapore’s principal developer and manager of industrial estates announced that a 6,988 sq m industrial site (Plot 46) in Tuas South Street 6 has been put up for sale via public tender under the Government Land Sales (GLS) programme for H1 2015.
According to JTC Corporation, the Confirmed List site is zoned for Business 2 projects, meaning it is intended for heavy industrial use.
It has a gross plot ratio of 1.0 with a tenure of 20 years and three months. The winning bidder is given 60 months to complete the development, which has a height limit of up to 63.5 metres above mean sea level (AMSL).
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.
The tender was opened yesterday and will close on 21 April 2015 at 11 am.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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