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JTC has launched two industrial sites for sale through public tender, while a reserve list plot was made available for application on Wednesday (30 May).
Among the two is a 50,590.4 sq ft site at Tampines Industrial Drive (Plot 10). With a leasehold tenure of 20 years, the property has a gross plot ratio of 1.4 and is zoned for Business 2. It is the fifth out of six confirmed list sites under the Industrial Government Land Sale (IGLS) Programme for H1 2018.
The other is a 104,409.9 sq ft reserve list site in Braddell Road with a gross plot ratio of 2.5 and a leasehold term of 30 years. Intended for Business 1 purposes, the plot was triggered for sale via public tender after an unnamed party committed to submit a minimum bid of about $18.3 million.
The tender exercises for the sites at Braddell Road and Tampines will close on 11 and 25 July.
Meanwhile, a reserve list site measuring 137,778.1 sq ft along Corporation Drive or formerly known as Yung Ho has been made available for application. Offered under a 30-year leasehold tenure, the plot has a gross plot ratio of 2.5 and is zoned for Business 2.
A reserve list site will only be triggered for sale if a bidder commits to pay an acceptable amount to the government.
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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