POSTED: 29 Nov 2013 12:42 | CNA

SINGAPORE

JTC Corporation (JTC) on Friday launched a plot of land in Woodlands Industrial Park E9 and another three at Tuas South Streets 11 and 13 for sale by public tender.

JTC said all four sites are zoned for Business-2 development which means the area may be used for industry, warehouse, utilities and telecommunication purposes within a prescribed nuisance buffer zone.

The 18,394.1 square-metre site at Woodlands Industrial Park E9 has a lease of 30 years and a maximum permissible gross plot ratio of 2.5.

The sites at Tuas South Streets 11 and 13 have a lease of 21 years 6 months and a maximum permissible gross plot ratio of 1.0.

According to JTC, these smaller plots with shorter tenure are targeted at industrialists who need to custom-build their own facilities. This is also in line with the government’s efforts to make industrial property more affordable.

– CNA/fa

http://www.channelnewsasia.com/news/business/singapore/jtc-launches-4-industrial/904050.html