Four industrial sites were released for sale by public tender last Friday, according to JTC.
Launched under the confirmed list of the Government Land Sales (GLS) Programme, the sites are located at Tuas South Street 6 (Plot 6), Tuas South Street 11 (Plot 35) and Tuas South Street 13 (Plots 34 and 38).
Zoned Business 2 with a lease of 21 years 5 months, the plots have land areas ranging from 4551.4 sq m to 7,447.4 sq m and maximum permissible gross plot ratios of 1.0.
“In line with the Government’s efforts to make industrial property more affordable, smaller plots with shorter tenure have been released since mid 2012 to meet the demand of industrialists who prefer to custom-build their own facilities. These small sites have been well-received by industrialists and prices have begun to stabilise,” said JTC.
The tender exercise will close on 7 February 2014.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email firstname.lastname@example.org
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