JTC launches 2 sites under 2H2014 IGLS

JTC announced yesterday (29 July) launched two sites for sale under the second half 2014 IGLS Programme.

These include a 2.7ha site (pictured) at Tuas Bay Close, and a 0.5ha site at Tuas South 7 (Plot 44).

Zoned for Business-2 development, the site at Tuas Bay Close is offered on a 30-year tenure and comes with a maximum permissible gross plot ratio (GPR) of 1.7.

Meanwhile, the site at Tuas South Street (Plot 44), which was triggered from the Reserve List of the 1H2014 IGLS Programme for a minimum price of S$3.572.300, is zoned for Business-2 development and comes with a maximum permissible GPR of 1.0. The site is offered on a 20 years 10 months tenure.

According to JTC, the sites were launched as part of the government's efforts to "provide industrial space and offer more choices for industrial development."

" The different land tenures and sizes cater to industrialists who prefer to purchase strata-titled industrial property as well as those who prefer to have the flexibility to custom-build their own facilities," it added.

Tender for the sites at Tuas Bay Close, and Tuas South Street 7 (Plot 44) will close on 23 September and 9 September, respectively.



Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg



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