JTC Corporation yesterday launched four industrial sites zoned for Business-2 development, in Woodlands Industrial Park E9 and Tuas South, for sale by public tender.
The plot in Woodlands has a lease of 30 years and maximum permissible gross plot ratio of 2.5. Based on a land area of about 197,992.3 sq ft, this translates to gross floor area (GFA) of about 494,980.6 sq ft.
The site should be relatively well received, given that the government has recently outlined its plans to develop Woodlands into a work-live-play regional centre.
Taking the nearest comparison, the plot next to the site was sold for $161.02 psf ppr in July this year. That being said, the 1.68 hectare site boasted a unique feature – an integrated heavy vehicle park for a minimum of 80 heavy vehicle parking lots, which was excluded from the computation of the development’s maximum gross floor area. In addition, the 80 lots could be sold as a single strata lot.
Separately, three other smaller plots in Tuas were also launched.
Plot 33 has a land area of about 79,998.4 sq ft; Plot 36, about 79,994.1 sq ft; and Plot 37, about 76,606.7 sq ft. These sites have a lease of 21 years 6 months and a maximum permissible gross plot ratio of 1.0.
The tender for all four sites closes on Jan 10, 2014, at 11am.
Source: Business Times –30 November 2013
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