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Agricultural land leases to be doubled to 20 years: AVA
[SINGAPORE] All new agriculture land will be tendered on 20-year lease instead of the previously announced block of 10 years to allow farmers investing in automation ample time to reap returns, the Agri-Food and Veterinary Authority (AVA) announced on Thursday (June 16).
Sixty-two farms in Lim Chu Kang which are affected by redevelopment plans with tenures expiring in 2017 will also have their tenures extended until the end of 2019, the AVA said.
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