May 29, 2019
    email_go E-mail to friend    shareBookmark & Share

Both industrial sites are part of the government’s plan to offer more industrial development options. 

JTC on Tuesday (28 May) launched an industrial site at Senoko Drive for tender, while making another site at Tuas Avenue 6 available for application.

The industrial landlord noted that the launch of the two sites “is part of the government’s efforts to offer more choices for industrial development”.

Zoned for Business 2 (Food) use, the 1.22 ha site at Senoko Drive has a gross plot ratio of 2.5 and a leasehold tenure of 30 years. It is the last of the five confirmed list sites for the first half of the 2019 Industrial Government Land Sales (IGLS) programme.

The tender for the Senoko Drive site closes on 23 July.

The site at Tuas Avenue 6, on the other hand, has an area of 0.54 ha and a gross plot ratio of 1.4. Zoned for Business 2 use, the 20-year leasehold site is the sixth of seven reserve list sites for the first half of the 2019 IGLS programme.

“Under the reserve list 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,” said JTC.

Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

Related Articles:

Industrial property at Senoko Drive up for sale 

AA REIT achieves TOP for 8 Tuas Avenue 20 redevelopment

Nordic Group plans to buy Tuas Avenue property for $6.2m

    email_go E-mail to friend    shareBookmark & Share

Search Property News

Keywords: