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.