JTC launches three industrial sites for sale

JTC Corp has launched three industrial sites in Tuas South and Tampines under the 2H2014 Industrial Government Land Sales (IGLS) programme. All three sites are zoned for Business 2 development. Two of the sites, located on Tuas South Street 9 and Tampines North Drive 1, were launched under the confirmed list, with the tender for the sites closing on Nov 24. The 90,084 sq ft site on Tuas South Street 9 has a leasehold tenure of 20 years and eight months and a maximum permissible gross plot ratio of 1.0. The 294,882 sq ft site on Tampines North Drive 1 has a 30-year leasehold tenure and a maximum permissible gross plot ratio of 2.5.
The third site of 75,219 sq ft is located on Tuas South Street 6 and on the reserve list. The site has a lease tenure of 20 years and four months and a maximum permissible gross plot ratio of 1.0. According to JTC, the launch of industrial sites in both the east and west is part of the government’s efforts to provide a wider variety of industrial development options, which are likely to appeal to industrialists looking for strata-titled industrial property and buyers looking for custom-built facilities.
Compiled by Gwyneth Yeo
This article appeared in the City & Country of Issue 646 (Oct 6) of The Edge Singapore.