JTC to launch Gambas Way industrial site for public tender

The 1.2 ha land parcel is zoned for Business-2 development with a maximum permissible gross plot ratio of 2.5.

JTC is set to launch an industrial site at Gambas Way (Plot 2) for sale by public tender through the Reserve List system under the first half 2019 Industrial Government Land Sales (IGLS) programme, an announcement revealed.

According to JTC, it received an application for the 1.2 ha land parcel with a committed price of no less than $19.31m.

The site is zoned for Business-2 (B2) development with a 30-year tenure and a maximum permissible gross plot ratio of 2.5. Its maximum building height is capped at 61 m above mean sea level (AMSL).

The public tender for the land parcel is scheduled for 26 March with a tender period of six weeks.