JTC launches two industrial sites for sale

The facade of the JTC Building in Fusionopolis on Oct 29, 2015.
The facade of the JTC Building in Fusionopolis on Oct 29, 2015.PHOTO: ST FILE

SINGAPORE - JTC has launched a confirmed list site at Jalan Lam Huat (Plot A) and a reserve list site at Tuas South Link 3 (Plot 25) under the first half of the 2017 Industrial Government Land Sale Programme.

This is the fifth out of six confirmed list sites and the fourth out of five reserve list sites for the first half, JTC said in a release issued on Tuesday. The launch of the sites is part of the Government's efforts to offer more choices for industrial development.

The 0.80 hectar site at Jalan Lam Huat is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender for the site closes at 11:00 am on July 25, 2017.

The 0.47 hectar site at Tuas South Link 3 (Plot 25) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.

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

Under the reserve list system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the Government or when there is sufficient market interest for the site.

A site is considered to have received sufficient market interest if more than one unrelated party submits minimum prices that are close to the Government's reserve price for the site within a reasonable period.