Industrial site in Tuas South triggered for sale

An industrial plot in Tuas South Street 11 has been triggered for sale and will be put up for public tender at the end of this month.

The parcel, which was made available on the reserve list under the first half of the Industrial Government Land Sales programme for 2014, had received a commitment of at least $6 million from a buyer, said the JTC Corporation on Monday.

Reserve list sites are put up for tender only if developers make an acceptable initial offer.

The parcel is zoned for Business-2 use, which may interest those seeking sites for industrial, warehouse, utilities, telecommunications or similar uses.

The 1-ha site has a 20-year and 10 month tenure, with a maximum permissible gross plot ratio of 1.0.

The public tender for the site is "scheduled for end April" and will run for nine weeks, said JTC in its statement.