JTC to launch tender for Tuas South industrial site

JTC Corporation (JTC) announced that an industrial site at Tuas South Street 11 (Plot 39) has been triggered for sale after an applicant committed a bid price of not less than S$6 million.

Made available on the reserve list under the 1st half of the Industrial Government Land Sales (IGLS) programme for 2014, the one-hectare land parcel was zoned for Business-2 use and has a maximum permissible gross plot ratio of 1.0. It also comes with a 20-year 10-month tenure.

Notably, reserve list sites are released for sale by public tender only if developers make an acceptable initial offer.

Since the offer by the applicant is acceptable to the government, JTC has set the public tender for the site at the end of this month with a tender period of nine weeks.

Image source: JTC

Christopher Chitty, Senior Content Producer at PropertyGuru edited this story. To contact him about this or other stories, email christopher@propertyguru.com.sg

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