SiLC take-up not lacklustre

SiLC take-up not lacklustre 

Much of the industrialland in Iskandar’s SiLC hasgone to Singapore firms

 

 

Letter from :Karimah Tan Abdullah

 

 

General Manager, Corporate Communications

 

 

UEM Land Berhad

 

 

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WE REFER to “Iskandar prices rising — but where’s the queue?” (June 6) and would like to clarify several points made in the report.

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First, the industrial land that was marketed last week in Singapore is part of Nusajaya’s Southern Industrial and Logistics Clusters (SiLC), where UEM Land is the master developer.

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Our comments relating to price, business model and take-up rate refer specifically to this 523.3-hectare industrial park. Nusajaya, in turn, is part of the larger Iskandar Malaysia development, which is nearly three times the size of Singapore.

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Second, the report gives the impression that sale of industrial land in SiLC to Singapore-based companies has been lacklustre. To date, over 70 per cent of SiLC’s Phase 1 — more than 130 acres — has been sold and some 95 per cent of the buyers — around22 companies — are based in Singapore.

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This encouraging response has prompted UEM Land to accelerate its marketing efforts, particularly for theremaining plots of Phase 1 in SiLC. The offer prices for these plots are pegged at 30 per cent higher than the previous year.

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As stressed at the seminar, UEM Land is wholly committed to developing and managing SiLC as its premier Managed Industrial Park and we are fully committed to ensuring that we deliver all that has been promised to our customers.

 

Source: Today Newspaper

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