JTC has accepted an application to put up an industrial site at 11 Tuas Avenue 18 for sale by tender. The land parcel is on the Reserve List of the 1H2023 Industrial Government Land Sales programme. It has been made available for sale after an applicant submitted a bid price that was acceptable by the government.
According to JTC, the application included a committed bid price of not less than $2.8 million for the 0.4ha site. The plot is zoned for business 2 use with a plot ratio of 1.4 under the master plan. Moreover, the site has a 20-year leasehold.
The public tender for the sale of this industrial site will open on Aug 29 and will last for six weeks.