JTC will hold a public tender for the Tuas industrial site on the Reserve List

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JTC has approved an application to build an industrial site located at 11. Tuas Avenue 18 for sale through tender.

The land parcel is listed on the Reserve List of the 1H2023 Industrial Government Land Sales programme. It was made available to purchase after a buyer made a bid that was accepted from the Government.

According to JTC the application contained the commitment of a bid amount that was at least $2.8 million to purchase this 0.4ha site. The site is designated for business 2 usage with the plot ratio being 1.4 in the Master Plan. Additionally the site has a leasehold of 20 years.

The public auction on the purchase of this industrial site opens on August 29 and will run over six weeks.