Singapore: Four plots of land at Tuas South with areas ranging from 4,551.4 sq m to 7,447 sq. m. and maximum permissible gross plot ratios of 1.0 has been launched by JTC Corporation.
These land parcels are zoned for Business 2 development. The leases cover a span of 21 years and five months. The closing date for the tender of these sites at Tuas South 6, 11 and 13 is 7 February 2014.
Aligning with government’s efforts to make industrial property more affordable, JTC has been rolling out smaller plots with shorter leases since mid 2012.
These small sites were well received by industrialists and prices are beginning to stabilise.
Source: Business Times - Dec 27 2013
Authorship: Zen Tan