On Jan 4, JTC announced that it will be launching the tender exercise for an industrial site at Tuas Bay Close on Jan 30. The reserve list site was first made available for application from July 1, 2017 under the 2H2017 Industrial Government Land Sales (IGLS) programme.

JTC agreed to put the site up for sale after an applicant committed to bid at least $17.5 million for the 30-year leasehold land parcel. Located near Tuas Techpark, the 2.72ha site is zoned for “Business-2” development and has a maximum permissible gross plot ratio of 1.7.

The tender closes six weeks after Jan 30, 2018.