Thursday, December 20, 2012

Check out these 13 industrial sites in government's confirmed list

These are for 1H13.

According to a release, the Ministry of Trade and Industry (MTI) launched its Industrial Government Land Sales Programme for the first half of 2013. To continue to meet potential demand for industrial land, there will be 13 sites in the Confirmed List and 9 sites in the Reserve List, with a total site area of 24.84 ha.

The proposed land quantum for the first half of 2013 is comparable to that of the second half of 2012. In 2012, a total of 47.69 ha of industrial land have been released.

This is about 1.4 times than that released in 2011. The Government will continue to release ample land through the IGLS programme so as to meet the needs of industrialists and to moderate industrial land prices.

The Government will continue to cap the land tenure at 30 years. In addition, shorter land tenure of about 22 years, targeted at the small and medium enterprises (SMEs) will continue to be released.

With shorter tenure and smaller size, industrialists can customise land-based facilities at more affordable prices.

To cater to the needs of SMEs who need larger industrial spaces, successful bidders of selected sites will be required to build a minimum number of large factory units.

This is in addition to the set of conditions for all Business 1 and Business 2 sites in the IGLS programme which took effect from 1 January 2012 to ensure that new industrial space built by developers on IGLS parcels can better meet industrialists’ needs for ready built space.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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