IGLS Reserve List application for B2 industrial site at Tuas Ave

A B2 industrial site at 11 Tuas Avenue 18 is now open for applications, according to JTC. The Reserve List of the 2023 Industrial Government Land Sales (IGLS) Program includes three industrial sites, the second of which is this one.

A land piece on the Reserve List won’t be made available for sale unless it receives a bid that meets the government’s minimum acceptable price.

Novo Place architect joint venture, Qingjian Realty and Santarli Construction, are the official developers of the much-awaited Novo Place EC residence.

With a permitted gross plot ratio of 1.4 and a land size of roughly 43,055 square feet, the site at 11 Tuas Avenue 18 is suitable for development. The lease on the land is for 20 years.

The deadline for triggering this site is June 30.