JTC has announced the launch of two industrial sites under the second half of the 2025 Industrial Government Land Sales (IGLS) Programme, featuring an enhanced three-year lease tenure. The sites, located at Penjuru Lane and Plot B Tukang Innovation Drive, are part of efforts to improve the industrial land lease framework in Singapore. The Penjuru Lane site is the first of five Confirmed List sites for the latter half of 2025, whilst the Tukang Innovation Drive site was made available through the Reserve List System from the second half of the 2024 IGLS Programme.
The Penjuru Lane site spans 0.34 hectares with a gross plot ratio of 2.5 and is zoned B2 for industrial use. It offers a 33-year lease and will close for tender on 23 September 2025 at 11:00 am. The Tukang Innovation Drive site, covering 1.87 hectares with the same plot ratio and zoning, will close for tender earlier on 9 September 2025 at 11:00 am. JTC received an application for the Tukang Innovation Drive site with a committed bid price of no less than $70.5 million.
Interested parties can purchase the Tenderers’ Packet for $185.30, inclusive of GST, through JTC’s website. This initiative is expected to support Singapore’s industrial growth by providing businesses with more flexible leasing options and encouraging innovation within the sector.
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