JTC Corporation has officially announced the launch of a prime industrial site located at Lok Yang Way as part of the Industrial Government Land Sales (IGLS) Programme for the first half of 2024. This initiative aligns with the government’s ongoing efforts to facilitate industrial growth and development in Singapore, catering to the needs of businesses seeking to expand their operations in strategically significant locations.
The site in question encompasses an area of 1.86 hectares and holds a gross plot ratio of 2.5, which is indicative of the potential density of development that can be achieved on the land. It is zoned under the B2 category, allowing for a variety of heavy industrial uses, ensuring that enterprises can establish operations that require substantial space and specialized infrastructure. The tenure for this site is set for 30 years, providing long-term security for businesses looking to invest.
Applications for this site must be submitted to JTC before the expiry date of June 28, 2024, at 11:00 am, which marks the deadline for potential bidders to express their interest. Notably, this site is the third of four announced under the Reserve List for the IGLS Programme, meaning that it will only be offered for sale if an acceptable minimum bid price is met. This reserve mechanism not only helps regulate supply according to market demand but also ensures that the land is allocated efficiently.
For those interested in securing a tender package, it is available for purchase at a cost of $185.30, inclusive of GST, and can be accessed online at the JTC’s dedicated portal. Detailed information regarding the site and its specifications can be found directly on the JTC website. This site could present an exciting opportunity for businesses looking to thrive in a competitive industrial landscape.
Lok Yang Way
JTC Corporation has officially announced the launch of a prime industrial site located at Lok Yang Way as part of the Industrial Government Land Sales (IGLS) Programme for the first half of 2024.
Product SKU: Lok Yang Way
Product Brand: Industrial Property
Product Currency: SGD
Product Price: 1088000
Product In-Stock: InStock
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