Government launches three sites under Industrial Government Land Sales (IGLS) Programme
As part of the Government’s continuing efforts to offer more choices for industrial development, the Housing & Development Board (HDB) and JTC Corporation (JTC) have launched two Confirmed List sites at Ubi Avenue 1 and Tampines Industrial Drive (Plot 6) respectively. JTC has also launched one Reserve List site at Tuas Bay Close under the 1st half 2015 IGLS Programme.
2 The 0.60 ha site at Ubi Avenue 1 released by HDB is zoned for Business-1 development and has a 30-year tenure with a maximum permissible gross plot ratio of 2.5. The 0.47 ha site at Tampines Industrial Drive (Plot 6) launched by JTC is zoned for Business-2 development and has a tenure of 20-year and a maximum permissible gross plot ratio of 1.4.
3 Separately, a site at Tuas Bay Close is released by JTC for application under the Reserve List. Zoned for Business-2 development, the 2.72 ha site has a 30-year tenure and a maximum permissible gross plot ratio of 1.7.
4 The launch of the Tuas Bay Close site in the West, the Ubi Avenue 1 site in the Central region and Tampines Industrial Drive site in the East provides industrialists with more location options.
5 Site details and location plans are shown in Appendices A and B respectively, as well as on the respective websites of HDB and JTC.
6 The closing dates for the tender for the land parcels are as follows:
7 Parties interested in the Confirmed List sites can purchase the Developer’s Packet at the following:
8 Applications may also be submitted to JTC for the site at Tuas Bay Close under the Reserve List to be put up for tender. Under the Reserve List system, the land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the Government or when there is sufficient market interest for the site. A site is considered to have received sufficient market interest if more than one unrelated party submits minimum prices that are close to the Government’s Reserve Price for the site within a reasonable period.