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The Ministry of Trade and Industry (MTI) launched 12 sites under its Industrial Government Land Sales (IGLS) Programme for the second half of 2016.
There will be seven confirmed list sites and five reserved list sites, with a total site area of 11.70 ha. The confirmed list sites will include four sites at Tuas South, two sites at Tampines Industrial Drive and one at Woodlands Industrial Park.
With plot sizes ranging from 0.49ha to 0.88ha, most of the sites have a gross plot ratio of 1.4, while the Woodlands Industrial Park site has a gross plot ratio of 2.5. Zoned for Business 2 (B2) uses, the sites are offered on a 20-year tenure.
The five reserved list sites include three plots in Tuas South and one each in Tuas Bay Close and Woodlands Height. Plot sizes range from 0.49ha to 2.72ha, while gross plot ratios range from 1.4 to 2.5. Apart from the Woodlands Height site, which is zoned for B1 uses, most of the sites were zoned for B2 uses, with tenures of 20 to 30 years.
“The government will continue to release sufficient land through the IGLS programme to ensure an adequate supply of industrial space in Singapore,” said MTI.
It noted that the reserved list sites will only be released for sale when a minimum purchase price acceptable to the government has been proposed for the site, or when there is sufficient market interest within a reasonable period, i.e., when more than one unrelated party submits minimum prices close to the government’s reserve price.
Parties interested in the reserved list sites can apply to JTC Corporation, the sales agent for the sites to be put up for tender.
Cheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories, email cheryl@propertyguru.com.sg
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