Sep 25, 2019
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Zoned for “Business 2” use, the 1.2ha site has a gross plot ratio of 1.4 and a leasehold tenure of 20 years.

JTC has launched an industrial site at Tuas Bay Drive for application – the fifth of six reserve list sites under the second half of the 2019 Industrial Government Land Sales (IGLS) Programme.

Zoned for “Business 2” use, the 1.2ha site has a gross plot ratio of 1.4 and a leasehold tenure of 20 years.

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

Under the reserve list system, a site will only be released for sale once an interested party submits an application with an offer of a minimum price that is acceptable to the government.

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

 

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