COMMERCIAL PROPERTY | Staff Reporter, Singapore

Two industrial sites up for tender

They have a site area of 1.28ha and 0.48 ha, respectively.

JTC launched two sites under the second half of the 2018 Industrial Government Land Sales (IGLS) programme, an announcement revealed.

With a 30-year tenure, the 1.28 ha site in Corporation Drive has a gross plot ratio of 2.5 and B2 zoning. Its tender will close by 9 October at 11 am.

Meanwhile, the 0.48 ha Tampines North Drive 3 site has a 20-year tenure and a gross plot ratio of 2.5. Its tender will close by 23 October at 11 am.

Tampines North Drive 3 enjoys accessibility to the Wafer Fab Park, Pasir Ris Wafer Fab Park, and JTC nanoSpace @ Tampines.

According to JTC, the site at Corporation Drive was made available for application through the Reserve List system under the second half of the 2018 IGLS Programme. The agency noted that an application was filed for the site to be put up for public tender, with a committed bid price of not less than $20.7m.

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