JTC launches two Industrial GLS sites for 1H2020

By Valerie Kor / EdgeProp Singapore | February 25, 2020 2:57 PM SGT
SINGAPORE (EDGEPROP) - JTC has launched two sites under the first half of the 2020 Industrial Government Land Sales (IGLS) Programme.
Jalan Papan Plot 1 IGLS Programme
Jalan Papan Plot 1 is available for tender. (Location map: JTC)
The first plot out of three Confirmed List sites to be launched is available for tender until April 21, 11am. Situated at Jalan Papan, it is 1.23ha in size, has a tenure of 20 years and a gross plot ratio of 1.4.
160 Gul Circle IGLS Programme
The 0.37ha site at 160 Gul Circle is available for application. (Location map: JTC)
The second site at 160 Gul Circle is available for application. It has an area of 0.37ha and a gross plot ratio of 1.4. The site also has a 20-year tenure. It is the third out of five Reserve List sites for the 1H2020 IGLS Programme.
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Based on the Reserve List system, a land parcel will only be released for sale if there is an offer with a minimum price that is acceptable to the government.
The government releases land parcels at regular intervals through the IGLS programme to ensure adequate supply of industrial space in Singapore.
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