A 137,782 sq ft, industrial site on Corporation Drive in Jurong West will be launched for sale by public tender later this month. This comes after JTC has received an application with a committed bid price of not less than $20.7 million, which has been deemed acceptable to the Government.

The land parcel is in the Reserve List under the 2H2018 Industrial Government Land Sales Programme.

The site has a 30-year lease, and is zoned for “business 2” development with a maximum permissible gross plot ratio of 2.5.

The public tender for the land parcel is scheduled for Aug 28 with a tender period of six weeks.