Singapore's industrial land supply

Singapore’s industrial land supply smaller for the first half of 2021

Singapore’s industrial land supply

SINGAPORE – There will be 3.86ha of industrial land altogether for a deal for the first half of 2021, a drop from the 4.4ha in the former a half year.

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There are three destinations on the affirmed rundown and three on the hold list under the Industrial Government Land Sales (IGLS) program, said the Ministry of Trade and Industry (MTI) on Tuesday (Dec 22).

A similar number of affirmed and saved rundown destinations were offered in the second half of this current year. The 4.4ha in site territory for the period was itself a drop from the 7.11ha in the first half of the year, including three locales on the affirmed rundown and five destinations on the save list.

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Singapore's industrial land supply

In the most recent dispatch, the three affirmed list locales are drafted B2 for heavier industrial use for a residency of 20 years. They are situated in Tampines North Drive 5, Gul Avenue, and Jalan Papan. The three save list locales are likewise drafted B2.

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Two destinations have a residency of 30 years. They are in Woodlands Industrial Park and Tampines North Drive 5. The leftover site in Jalan Papan has a residency of 20 years.

Affirmed list destinations are dispatched by plan paying little heed to request, while save list land is set up for delicate when a developer makes an offer worthy to the Government.

JTC will be the business agent for all the destinations.

The MTI stated: “The Government will keep on delivering adequate land through the IGLS program to guarantee a sufficient supply of industrial space in Singapore.”

Clavon At Clementi is open for sale.

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