SINGAPORE - An industrial site at Tuas South Link 3 has been triggered for tender with a minimum bid price of S$2 million, while another plot in Kaki Bukit Road 5 is available for application under the first half of 2019 IGLS (industrial government land sales) programme, JTC announced on Tuesday (June 25).
A site on the reserve list is triggered for launch if a developer's indicated minimum price in its application is acceptable to the government. This is as opposed to confirmed list sites which are launched according to schedule, regardless of demand.
In a press statement, JTC said it has received an application for the Tuas site to be put up for public tender, with a minimum committed bid price of S$2 million.
Zoned for "Business-2" (B2) development, or heavier industrial use, the Tuas site has a 20-year tenure, with an area of 0.45ha, and a gross plot ratio of 1.4. Tender for this site will close at 11am on Aug 6.
The site in Kaki Bukit Road 5 has a tenure of 30 years and occupies an area of 2.02ha. It is similarly zoned for B2 use, with a gross plot ratio of 2.5.
JTC noted that the Kaki Bukit site is also the last of seven reserve list sites under the first half of the 2019 IGLS programme.