JTC launches two sites under 1H2019 IGLS

By Amy Tan / EdgeProp Singapore | June 26, 2019 2:27 PM SGT
JTC has launched two sites under the 1H2019 Industrial Government Land Sales (IGLS) programme. Both sites are zoned B2 and for general industrial use.
The first site is located at Tuas South Link 3 (Plot 19). Spanning 47,920 sq ft, the plot has a 20-year lease period with a gross plot ratio of 1.4. The site was made available for application through the Reserve List system. The tender for this site closes on August 6 at 11am with a committed minimum bid price of $2 million.
The second site is along Kaki Bukit Road 5 (Plot 4). The 30-year leasehold plot has a site area of 217,040 sq ft and a gross plot ratio of 2.5. This site is the last of seven Reserve List sites for the 1H2019 IGLS programme. Under this 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.
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