Dec 27, 2017
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JTC has launched on Monday (26 December) two sites measuring a total of 15,992.7 sq m under the 2H 2017 Industrial Government Land Sales (IGLS) Programme.

Among them is a 6,276.5 sq m land parcel in Tuas South Link 3 (Plot 23). Zoned for Business 2 (B2) developments, the site comes with a maximum gross plot ratio of 1.4 and a leasehold tenure of 20 years.

The other is a plot along Braddell Road spanning 9,716.2 sq m (subject to final survey). Zoned for Business 1 (B1) projects, it has a higher maximum gross plot ratio of 2.5 and a longer tenure of 30 years.

The first represents the last of the eight Confirmed List sites, while the second is the last of the six Reserve List sites under the IGLS Programme for the second half of the year.

Interested buyers may submit their bids before the close of the tender on 27 February 2018, and the winning bidders are required to complete their developments within 60 months for both land parcels.

Those keen on purchasing the Confirmed List site can acquire the Developer’s Packet for $107 each (inclusive of GST) from the Finance Division Counter at Level 20 of The JTC Summit in 8 Jurong Town Hall Road, or from JTC’s Customer Service Portal.

On the other hand, the Reserve List site will only be triggered for sale if there are at least two unrelated parties that have submitted a minimum bid close to the government’s reserve price within a reasonable period.

 

This article was edited by Keshia Faculin.

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