Industrial GLS for H1 2014 shows tapering

[SINGAPORE] The Ministry of Trade and Industry (MTI) appears to be tapering industrial government land sales under the confirmed list for the next half-year as the industrial property market shows signs of stabilising following a run-up in the past few years.

It will be offering eight sites totalling 12.07 hectares of land for sale under the confirmed list of the Industrial Government Land Sales Programme for the first half of 2014. This is the lowest half-yearly land quantum for the confirmed list in the past two years. In the current H2 2013 slate, the government is releasing 14.52 ha on the confirmed list, and in H1 this year, the figure was 15.27 ha.

In H2 and H1 2012, the figures were 17.35 ha and 15.91 ha respectively.