All 10 Confirmed List industrial sites on 20-year lease
MTI says this is to lower upfront costs for industrialists and to provide more options and affordable spaces
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THE government has placed only 20-year leasehold land parcels on its confirmed list of industrial sites for sale in the second half of this year - a move that has set some market watchers wondering if 20 years is the new norm for industrial land tenures.
On that, a Ministry of Trade and Industry spokesman told BT that the launch of sites with a 20-year tenure "aims to lower the upfront costs for industrialists looking to custom-build their own facilities or to purchase strata-titled properties". "Our intent is to provide more options for industrialists looking for affordable industrial space," the spokesman said.
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