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Industrial landlord JTC is set to launch an industrial site at Gambas Way (Plot 2) for sale by public tender under the first half 2019 Industrial Government Land Sales Programme.
This comes after the site was triggered for sale, when JTC received an application with a committed bid of not less than $19.13 million.
“As the minimum price committed by the applicant is acceptable to the government, the site will be released for sale by public tender,” it said.
With an area of 1.20ha, the reserve list site is zoned for Business-2 development. It comes with a 30-year leasehold tenure and a maximum permissible gross plot ratio of 2.5.
The tender for the site is set on 26 March, 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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