JTC offers two industrial sites

Industrial landlord JTC has put two sites - one on the confirmed list, another on the reserved list - up for sale.

The 0.8ha Jalan Lam Huat (Plot A) will be the fifth, of the six confirmed list sites available for sale, released under the Industrial Government Land Sale programme for this half of the year.

It is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 2.5.

The 0.47 ha Tuas South Link 3 (Plot 25) is the fourth of the five reserve list sites released for sale in this half, JTC said yesterday.

It is also zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.

Confirmed sites go on sale regardless of interest, while reserved sites are released for sale only if there is sufficient market interest or an acceptable offer is made.

Sufficient market interest occurs when more than one unrelated party submit minimum prices near the Government's reserve price within a reasonable period.

The Jalan Lam Huat tender closes at 11am on July 25.

Applications may be submitted to JTC for the Tuas South Link site to be put up for tender.

Rupali Karekar

A version of this article appeared in the print edition of The Straits Times on May 31, 2017, with the headline 'JTC offers two industrial sites'. Print Edition | Subscribe