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In a bid to provide more location choices for businesses and companies, JTC on Wednesday (26 Dec) released four sites for sale under the second half 2018 Industrial Government Land Sales (IGLS) Programme.
Specifically, there are two land parcels available for tender. These comprise a 1.23ha site at Jalan Papan (Plot 1) with a gross plot ratio of 1.4 and leasehold tenure of 20 years. The second is a 2.09ha plot along Woodlands Avenue 12 with a gross plot ratio of 2.5 and leasehold tenure of 30 years.
The Jalan Papan plot is the last of six confirmed list sites under the H2 2018 IGLS Programme, while the Woodlands Avenue reserve list plot was triggered for sale via public tender after a party committed to a minimum bid of $36 million.
Meanwhile, the two other sites launched for sale – Gambas Way (Plot 2) and Benoi Sector (Plot 1) – respectively represent the sixth and last of seven reserve list sites for the IGLS Programme in the second half of the year.
In particular, the Gambas Way plot measures 1.2ha, while the Benoi Sector site spans 2ha. Both have a gross plot ratio of 2.5 and leasehold tenure of 30 years.
All four industrial sites are zoned for Business 2 development.
The tender exercises for Woodlands Avenue and Jalan Papan will close on 13 and 20 February 2019 respectively.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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