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The 11 Tuas Avenue 18 industrial site has a site area of 0.4 ha while the Jalan Papan site is 1.01 ha. Both sites have a gross plot ratio of 1.4. Source: JTC
JTC has launched two industrial sites – one at 11 Tuas Avenue 18 and the other in Jalan Papan (Plot 9) – for sale under the second half of the 2021 Industrial Government Land Sales (IGLS) Programme.
The third of the four confirmed list sites under the 2H 2021 IGLS Programme, the 20-year leasehold site at 11 Tuas Avenue 18 has an area of 0.4 ha and a gross plot ratio of 1.4.
The Jalan Papan site, on the other hand, has an area of 1.01 ha and a gross plot ratio of 1.4. It was triggered from the reserve list after a developer committed to bid not less than $5.95 million for the 20-year leasehold site.
“As the minimum bid price committed by the applicant is acceptable to the Government, the site is released for sale by public tender,” said JTC.
Both sites are zoned for Business 2 use.
The tender for the Jalan Papan site closes on 11 January 2022 and on 25 January 2022 for the site at 11 Tuas Avenue 18.
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Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg.
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