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Under 2H 2021 Industrial GLS programme, the four Confirmed List sites are located at Jalan Papan, Gambas Way and Tuas Avenue 18; the other three Reserve List sites are located at Jalan Papan, Woodlands Industrial Park and Tampines North Drive 5.
The government launched four sites under the Confirmed List and three sites under the Reserve List of its Industrial Government Land Sales (IGLS) programme for the second half of 2021.
With a total area of 5.14 ha, all seven sites are zoned for Business 2 use, meaning general and special industries are to be located here.
“The government will continue to release sufficient land through the IGLS programme to ensure an adequate supply of industrial space in Singapore,” said the Ministry of Trade and Industry (MITI) on Monday (28 June).
The four Confirmed List sites are located at Jalan Papan, Gambas Way and Tuas Avenue 18. The Gambas Way site comes with a 30-year leasehold tenure, while the others have 20 years.
The sites under the Reserve List, on the other hand, are located at Jalan Papan, Woodlands Industrial Park and Tampines North Drive 5. The reserve list Jalan Papan site has a 20-year leasehold tenure, while the other two have a leasehold tenure of 30 years.
Under the Reserve List, the government will only put up a site for tender once an interested party “submits an application with an offer of a minimum purchase price that is acceptable to the government”; or when there is “sufficient market interest in the form of more than one unrelated party submitting minimum purchase prices that are close to the government’s reserve price for the site within a reasonable period”.
Parties interested in the Reserve List sites can apply to JTC Corporation, said MITI.
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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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