POSTED: 27 Dec 2013 15:55 | CNA

SINGAPORE

JTC Corporation (JTC) has launched four plots of land at Tuas South for sale by public tender on Friday.

The four land parcels are located at Tuas South Streets 6, 11 and 13, and are zoned for Business-2 development with a lease of 21 years and five months.

The sites, with land areas ranging from 4,551.4 square metres to 7,447.4 square metres, have maximum permissible gross plot ratios of 1.0.

The tender will close on 7 February 2014.

In line with the government’s efforts to make industrial property more affordable, JTC said smaller plots with shorter tenure have been released since mid-2012 to meet the demand of industrialists who prefer to custom-build their own facilities.

It said these small sites have been well-received by industrialists and prices have begun to stabilise.

– CNA/de

http://www.channelnewsasia.com/news/business/singapore/jtc-launches-four-plots/935346.html