JTC launched site at Tuas South Link 3

JTC launched site at Tuas South Link 3

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Singapore, 30 Jan 2018 – JTC has launched one confirmed list site at Tuas South Link 3 and one reserve list site at Tuas Bay Close under the first half 2018 Industrial Government Land Sales (IGLS) Programme.

The 0.43 ha site at Tuas South Link 3 is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. The tender closes at 11am on March 27 this year.

Tuas South Link 3

The 2.72 ha site at Tuas Bay Close is zoned for Business-2 development with a 30-year tenure and a maximum gross plot ratio of 1.7. The tender for this reserve site closes at 11am on March 13, 2018.

Tuas Bay Close

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 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.

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