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JTC Corp on Tuesday (27 Mar) launched a 0.88ha plot at Woodlands Industrial Park E7/E8 for sale under the 1H 2018 Industrial Government Land Sales Programme, reported the Business Times.
The 20-year leasehold land parcel is the third out of six confirmed list sites offered during the said period. With a permissible gross plot ratio of up to 2.5, it is zoned for Business 2 development and its tender will close on 22 May.
In addition, JTC released the third out of seven reserve list sites for the first half of 2018 – a 0.45ha land parcel at Tuas South Link 3 (Plot 19).
The site has the same zoning and leasehold tenure as the Woodlands plot, but comes with a maximum permissible gross plot ratio of 1.4.
A reserve list site will only be triggered for sale if a bidder commits to pay an acceptable amount to the government, or when more than one unrelated party submit minimum prices near the reserve price within a reasonable period.
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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