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JTC Corporation (JTC) on Tuesday (28 April) announced the launch of two confirmed list sites at Woodlands Sector 2 and Tuas South Link 2 (Plot 4) and one reserved list site at Tampines Industrial Drive (Plot 12) from the industrial government land sales (IGLS) programme for the first half of the year.
Zoned for Business-2 development, both confirmed list sites come with a land tenure 20 years. The 13,500 sq m site at Woodlands Sector 2 has a maximum permissible gross plot ratio of 2.0 while the 7,900 sq m site at Tuas South Link 2 (Plot 4) has a maximum permissible gross plot ratio of 1.4. Both sites has a tender closing on 23 June.
Meanwhile, the Tampines Industrial Drive site of about 4,800 sq m was released from the reserved list for application. The site is zoned for business-2 development and comes with a maximum permissible gross plot ratio of 1.4.
Plot 12 Tampines Industrial Drive
Applications may be submitted to JTC the site to be put up for tender. It is noted that each land parcel from the reserve list will only be released for sale if it receives an offer of a minimum purchase price that is acceptable to the Government or when there is sufficient market interest for the site. A site is considered to have received sufficient market interest if more than one unrelated party submits minimum prices that are close to the Government’s Reserve Price for the site within a reasonable period.
Composite image of the location plans of the Woodlands Sector 2 and the Tuas South Link 2 (Plot 4) sites. (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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