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JTC has launched two industrial sites – one in Jalan Papan (Plot 2) and the other in Gambas Way (Plot 2) – for sale under the first half 2019 Industrial Government Land Sales (IGLS) Programme.
The third of five confirmed list sites under the H1 2019 IGLS Programme, the 20-year leasehold site at Jalan Papan (Plot 2) has an area of 12,400.4 sq m and a gross plot ratio of 1.4.
The site at Gambas Way (Plot 2), on the other hand, has an area of 11,958.8 sq m and a gross plot ratio of 2.5. It was triggered from the reserve list after a developer committed to bid a minimum of $19.31 million for the 30-year leasehold site.
JTC noted that the launch is “part of the government’s efforts to offer more choices for industrial development”.
The tender for the Gambas Way site will close on 7 May, while the Jalan Papan site tender will close on 21 May.
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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