Industrial landlord JTC on Thursday (20 Dec) announced that it has accepted an application to put up an industrial site at Woodlands Avenue 12 for sale by public tender.
The site was made available for application via the reserve list system under the second half 2018 IGLS Programme.
JTC revealed that it has received an application with a committed bid price of not less than $36 million – triggering the launch of the site.
“As the minimum price committed by the applicant is acceptable to the government, the site will be released for sale by public tender.”
It noted that the public tender for the site is set on 26 December, with a six-week tender period.
Zoned for Business-2 development, the 2.09ha reserve list site has a maximum permissible gross plot ratio of 2.5 and a 30-year leasehold tenure.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org