SINGAPORE - JTC has launched two sites, in Tampines and Tuas, under the industrial government land sales programme for the second half of 2016, as part of the Government's efforts to offer more choices for industrial development, a release issued on Tuesday (Nov 29) stated.
The Tampines Industrial Drive (plot 1) is the fifth of the seven sites on confirmed list, while the Tuas South Link 3 (plot 24) is second of the three on reserve list. The reserve list sites are put up for tender only if a developer's minimum bid price is acceptable to the Government, or when there is sufficient market interest for the site.
The 0.53ha site at Tampines is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Tender will close on Jan 24, 2017.
The Tuas site is on 0.47ha land zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.