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JTC on Wednesday (3 February) revealed that it has accepted an application to put up an industrial site at Tuas South Link 1 (Plot 1) for sale by public tender.
The site was made available for application from 24 June 2014 through the Reserve List system under the 1st half 2014 IGLS Programme. According to JTC, it has received an application with a committed bid price of not less than $35,000,000, therefore triggering the launch of the site.
“As the minimum price committed by the applicant is acceptable to the Government, the site will be released for sale by public tender,” JTC said. The public tender for the land parcel is scheduled for end February with a tender period of six weeks.
The Reserve List site is a 3.33 ha site zoned for Business-2 development. It has a 30-year tenure with a maximum permissible gross plot ratio of 2.0.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories emailnikki@propertyguru.com.sg
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