Moderate, calibrated industrial land supply in H2

Singapore

MODERATE and calibrated. These words from property watchers pretty much summed up the second half industrial government land sales (IGLS) programme announced by the Ministry of Trade and Industry (MTI) on Tuesday.

In line with its policy of ensuring adequate land supply for industrialists without exacerbating the risk of an oversupply, the government is rolling out seven industrial sites on the Confirmed List totalling 3.99 hectares in site area.

Another five sites spanning 7.71 hectares are placed on the Reserve List, to be triggered for public tender when there is a minimum acceptable bid. The 12 sites combined have a total area of 11.7 hectares.

"The government will continue to release sufficient land through the IGLS programme to ensure an adequate supply of industri…