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COMMERCIAL PROPERTY | Staff Reporter, Singapore
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JTC launches two sites in Tuas South Link 3

It also began the tender for a reserve list site in Tuas South Link 1.

JTC launched one Confirmed List site at Tuas South Link 3 (Plot 26) and one Reserve List site at Tuas South Link 3 (Plot 20) under the first half 2018 IGLS Programme. According to an announcement, these are the fourth of six Confirmed List sites and the fourth out of seven Reserve List sites for the first half of 2018.

A Reserve List site at Tuas South Link 1 (Plot 13) has also been launched for sale by public tender today at $15.58m.

The 0.47 ha site at Tuas South Link 3 (Plot 26) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Site application is until 19 June 2018, 11 a.m.

Meanwhile, the 0.45 ha site at Tuas South Link 3 (Plot 20) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.

The tendered 2.41 ha site at Tuas South Link 1 (Plot 13) is zoned for Business-2 development and has a 30-year tenure with a maximum permissible gross plot ratio of 2.0. The tender is open until 5 June 2018, 11 a.m.

“The launch of the sites is part of the Government’s efforts to offer more choices for industrial development,” JTC said.

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 within a reasonable period,” JTC added.

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