JTC launches two Industrial Government Land Sales sites
By Bong Xin Ying
/ EdgeProp |
On March 27, JTC Corp announced the launch of two sites under the Industrial Government Land Sales programme. One is a confirmed list site at Woodlands Industrial Park E7/E8, and the other is a reserve list site at Tuas South Link 3 (Plot 19).
The 94,990 sq ft site at Woodlands Industrial Park E7/E8 is zoned “Business 2” and has a 20-year tenure, with a maximum gross plot ratio of 2.5.
Site at Woodlands Industrial Park E2/E5 (source: JTC)
Meanwhile, the 47,921 sq ft site at Tuas South Link 3 (Plot 19) is also zoned “Business 2” and has a 20-year tenure, with a maximum gross plot ratio of 1.4.
Site at Plot 19, Tuas South Link 3 (source: JTC)
Under the reserve list system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the government, or when there is sufficient market interest in the site. A site is considered to have received sufficient market interest if more than one unrelated party submits minimum prices that are close to the government’s reserve price for the site within a reasonable period.
The tender for the Woodlands Industrial Park E7/E8 site will close on May 22. For the site at Tuas South Link 3 (Plot 19), applications may be submitted to JTC.
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