- POSTED: 26 Aug 2014 12:57
- UPDATED: 28 Aug 2014 09:08
The three land parcels are at Tuas South Street 9 and 11, says JTC Corporation.
SINGAPORE: JTC Corporation on Tuesday (Aug 26) announced the launch of three industrial sites at Tuas under the Industrial Government Land Sales (IGLS) programme.
The three sites - one at Tuas South Street 9 and two at Tuas South Street 11 - were launched as part of the Government's efforts to provide industrial space and offer more choices for industrial development, the company said in its statement.
For the Tuas South Street 9 site, it has 0.8 hectares (ha) and is zoned for Business-2 development. It has a 20-year-9-month tenure with a maximum permissible gross plot ratio of 1.0. The gross plot ratio refers to the amount of gross floor area the developer can build in relation to the land area. The closing date for the tender is Tuesday (Oct 21) at 11am.
In addition, a 0.8 ha site at Tuas South Street 11 (Plot 43) was made available for application under the Reserve List of the second half 2014 IGLS programme. Another 0.9 ha land parcel at Tuas South Street 11 (Plot 41), previously made available for application under the first half 2014 IGLS Reserve List, will be launched for sale by public tender in mid-September 2014.
Both sites are zoned for Business-2 development and have a maximum permissible gross plot ratio of 1.0.
Under the Reserve List system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the Government or when there is sufficient market interest for the site, JTC said.
Once the application is acceptable to the Government, JTC will make public the minimum price committed for the site. The identity of the applicant will not be disclosed.