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JTC launches three industrial sites for sale

By Gwyneth Yeo

October 5, 2014 12:00 AM SGT

JTC Corp has launched three industrial sites in Tuas South and Tampines under the 2H2014 Industrial Government Land Sales (IGLS) programme. All three sites are zoned for Business 2 development. Two of the sites, located on Tuas South Street 9 and Tampines North Drive 1, were launched under the confirmed list, with the tender for the sites closing on Nov 24. The 90,084 sq ft site on Tuas South Street 9 has a leasehold tenure of 20 years and eight months and a maximum permissible gross plot ratio of 1.0. The 294,882 sq ft site on Tampines North Drive 1 has a 30-year leasehold tenure and a maximum permissible gross plot ratio of 2.5.

The third site of 75,219 sq ft is located on Tuas South Street 6 and on the reserve list. The site has a lease tenure of 20 years and four months and a maximum permissible gross plot ratio of 1.0. According to JTC, the launch of industrial sites in both the east and west is part of the government’s efforts to provide a wider variety of industrial development options, which are likely to appeal to industrialists looking for strata-titled industrial property and buyers looking for custom-built facilities.

— Compiled by Gwyneth Yeo

This article appeared in the City & Country of Issue 646 (Oct 6) of The Edge Singapore.

Tags:

JTC IGLS industrial government land sales Tuas South Street Tampines North Drive industrial site

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