Can property tax promote Industry 4.0?

SINGAPORE'S industrial economy is heading towards a brave new world and Industry 4.0 is the roadmap for getting there. Although the Singapore government has implemented many measures to encourage companies to embrace Industry 4.0, more should be done in respect of property tax.

Industry 4.0 - also known as advanced manufacturing - has the potential to boost productivity and the optimisation of resources. It is a revolution in manufacturing through the combination of Internet, information and communication technologies (ICT) with industrial know-how.

Other facets of Industry 4.0 include the …