Industrial land supply for H1 2016 at 8-year low

Singapore

THE Singapore government has continued to moderate the supply of industrial land for the first half of 2016 in the face of a looming industrial space glut.

Marking an eight-year low, there will be six sites on the Confirmed List and four sites on the Reserve List with a total site area of 12.24 hectares under H1 2016 industrial government land sales programme (IGLS).

The last time the supply of industrial land sales was lower was H1 2008 IGLS, where a total of 9.28 hectares of land was released in the Confirmed and Reserve Lists, the Ministry of Trade and Industry (MTI) told BT.

Business 1 (B1) space for light industrial use is also starkly absent fr…