JTC accepted an application to put up Gambas Way (Plot 2) for public tender today. The site has received a committed bid price of at least S$19.31 million. Here are the details:
The1.2 hectare site has a 30-year tenure, and a maximum permissible gross plot ratio of 2.5. It’s reserved under the Industrial Government Land Sales (IGLS) Programme, for the first half of 2019. The site is located between Gambas Avenue and Gambas Way.
Sites on a reserve list are triggered for launch when an offer is made, which is acceptable to the government. This is unlike confirmed sites, which are launched following to set schedule.
The site is zoned for B2 Industrial use – this is appropriate for any business with a nuisance buffer of more than 50 metres (e.g. heavy industry).
The public tender is scheduled on 26th Match. The tender period will last six weeks.
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