JTC launches last 4 industrial sites under confirmed, reserved lists for 2nd-half year

Jalan Papan (Plot 1).
Jalan Papan (Plot 1).PHOTO: JTC
Woodlands Avenue 12.
Woodlands Avenue 12.PHOTO: JTC
Gambas Way (Plot 2).
Gambas Way (Plot 2).PHOTO: JTC
Benoi Sector (Plot 1).
Benoi Sector (Plot 1).PHOTO: JTC

SINGAPORE - JTC said on Wednesday (Dec 26) it has launched the last four industrial sites under the confirmed and reserved lists for the second half of the 2018 Industrial Government Land Sales (IGLS) Programme.

Two sites are available for tender and two sites for application, meaning their tender will be triggered if a developer's indicated minimum price in its application is acceptable to the state. This is as opposed to confirmed list sites which are launched according to schedule, regardless of demand.

The sites for tender comprise a 20-year leasehold, 1.23ha parcel at Jalan Papan (Plot 1), which is the last of six confirmed list sites for the second half of 2018 IGLS Programme, and a 30-year, 2.09ha reserve list plot at Woodlands Avenue 12 whose tender was triggered by a committed bid price of not less than S$36 million.

The tender for the Jalan Papan site closes on Feb 20, 2019, at 11am, while that for the Woodlands site closes on Feb 13 at 11am.

The sites open for application comprise a 1.2ha parcel at Gambas Way (Plot 2) and a 2ha parcel at Benoi Sector (Plot 1), which are the last two of seven reserve list sites for the second half of 2018 IGLS Programme. Both carry 30-year tenures.

All four sites are zoned for Business-2 use.


PHOTOS: JTC