JTC launches confirmed list industrial site and public tender for reserve list site

JTC Corporation has launched a confirmed list site at Tuas South Street 11 for sale under the second-half 2014 industrial government land sales (IGLS) programme.

The site, at 0.8 hectares, is zoned for a "Business-2" development.

These could be developments for industry, warehousing, utilities and telecommunication uses.

The site has a tenure of 20 years and 5 months, with a maximum permissible gross plot ratio of 1.0.

Industrialists can apply for the site before the tender closes Feb 10 next year at 11am.

JTC has also accepted an application to put up an industrial site at Tuas South Street 7, for sale by public tender for end-December.

This 0.5 ha site is also zoned for a Business-2 development, and has a tenure of 20 years and four months, with a maximum permissible gross plot ratio of 1.0.

The land parcel was made available for application from Oct 28 through the Reserve List system under the second-half 2014 IGLS Programme.

JTC has received an application with a committed bid price of not less than $4,200,000.

As the minimum price committed by the applicant is acceptable to the Government, the site will be released for sale by public tender.

Under the Reserve List system, JTC is to make public the minimum price committed

for the site. However, the identity of the applicant will not be released. The public tender for the land parcel at Tuas South Street 7 is scheduled for end-December with a tender period of six weeks.