SINGAPORE - Three new industrial land sites have been released for sale by the Government under its regular industrial land sales programme for the first half of this year.
The sites are located at Tuas South Street 11, Tuas Avenue 11 and Woodlands Avenue 12, said the Urban Redevelopment Authority (URA) and JTC Corporation in a joint statement on Tuesday.
URA is releasing the site at Woodlands, which is zoned for Business-1 development - clean and light industrial uses - and has a 30-year tenure. The plot has a land area of 422,257 sq ft and a plot ratio of 2.5.
The 96,036 sq ft site at Tuas Avenue 11, launched by JTC, is zoned for Business-2 development, which allows for light and general industrial use. It has a 30-year tenure and a plot ratio of 1.4.
The third site, a 107,639 sq ft plot at Tuas South Street 11, has been triggered for sale by a developer submitting a minimum acceptable bid of at least $6 million. The site has a tenure of 20 years and 10 months and a plot ratio of 1.
The three sites provide more location options for industrialists, JTC and URA said. "In addition, the different land tenures and sizes cater to industrialists who prefer to purchase strata-titled industrial property as well as those who prefer to have the flexibility to custom-build their own facilities."