MTI to release 8 industrial sites in the second half this year

MTI to release 8 industrial sites in the second half this year

 

The Trade and Industry Ministry will release eight industrial sites with a total area of some 13 hectares for the second half this year.

 

Of these, only one is in the confirmed list, while the rest are released under the reserve list.

 

The site confirmed for sale is located at Tampines Industrial Avenue 4.

 

MTI said that for this site, JTC will be introducing specific technical conditions on minimum floor plate size per unit and the product type.

 

The objective of such conditions is to address demand for industrial space for single-users which need larger floor plates.

 

Further details on these conditions will be announced by JTC when the site is ready for launch.

 

Other sites released under the reserve list include those at Yishun, Kallang Pudding Road and Serangoon North.

 

Under the reserve list, the Government will only release a site for sale if an interested party submits an application for the site to be put up for tender.

 

The tender offer must be of a minimum purchase price that is acceptable to the Government.

 

The figures of the site releases are identical to government industrial land sales programme for the first six months of the year.

 

Source: 938Live

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