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JTC has launched a Reserve List site (Plot 25) and a Confirmed List site (Plot A) under the first half 2017 Industrial Government Land Sales (IGLS) Programme on Tuesday (30 May).
The Reserve List site at Tuas South Link 3 sits on land area of 0.47ha (4,699.1 sqm), while the Confirmed List site at Jalan Lam Huat measures 0.80ha (8,000.5 sqm). With a maximum permissible gross plot ratio of 1.4 and 2.5 respectively, both land parcels are zoned for Business 2 and comes with a 20-year leasehold tenure.
They represent the fourth out of five Reserve List sites and the fifth out of six Confirmed List sites for the first half of the year.
The latter will be put up for sale if a developer commits to a minimum price that is acceptable to the state, or if there are more than one unrelated party that submits a minimum quantum close to the government’s reserve price within a reasonable period.
On the other hand, the tender for the Confirmed List site will close on 25 July 2017.
This article was edited by Denise Djong.
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