Shorter-tenure industrial sites to keep coming in H2

[SINGAPORE] The government will continue to supply shorter-tenure industrial sites in the second half of the year, reiterating that this will keep prices affordable for industrialists.

Among the 15 sites with a combined area of 18.87 ha to be released for industrial use between next month and December, three are 20-year leasehold plots - the shortest leases ever offered for industrial land. Before this, the shortest had been 21 years, offered mostly for small plots in Tuas South.

Back in mid-2012, the government slashed tenures of sites sold under the Industrial Government Land Sales (IGLS) programme, capping the leasehold period at 30 years.

Tenures used to stretch for as long as 60 years.

The Ministry of Trade and Industry said then that the cheaper shorter-tenure plots would help industrialists to manage co…