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JTC announced on Tuesday (17 Apr) that it will put up an industrial site at Tuas South Link 1 (Plot 13) for sale via public tender after an unnamed bidder committed to pay a minimum price of $15.58 million.
The reserve list site measuring 259,727.78 sq ft is zoned Business 2. It has a leasehold tenure of 30 years and a permissible gross plot ratio of 2.0.
JTC said the land parcel was made available for application since 27 December 2016 under the 2H 2016 Industrial Government Land Sales programme.
A reserve list site will only be triggered for sale if a bidder commits to pay an acceptable price to the government, or when more than one unrelated party submit minimum prices close to the reserve price within a reasonable period.
The tender exercise will start on 24 April with a tender period of six weeks.
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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