Business Times - 21 Aug 2010
JTC offers two sites for sale by tender
By MELISSA TAN
JTC said yesterday that two sites - at Yishun and the Biopolis - will be put up for sale by tender. The site at Yishun Street 23/Yishun Avenue 9 is 4.65 ha and has a 60-year lease. Near Yishun Industrial Park, it is to be developed as a ramp-up factory with direct vehicle access to all units. It will be launched on Monday and sold under the Industrial Government Land Sales programme. The tender closes on Oct 4.
The Biopolis phase five site, for laboratory buildings at one-north, will be launched through the Concept and Price Tender programme. The land area is 0.96 ha, with a 30-plus-30 years renewal tenure. The launch date is Oct 4 and developers will have until Dec 3 to submit tenders.
JTC said details for the two tenders will be published on its website on the launch dates.
The tenders were announced at JTC's Industrial Property Exchange conference yesterday. JTC chief executive Manohar Khiatani said JTC is 'mindful that an efficient and competitive industrial space market is crucial for Singapore's manufacturing sector'.
JTC will work with the Ministry of Trade and Industry to 'continue to provide adequate land supply through the various land-launch mechanisms', he said.
Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.
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