10 sites in industrial GLS for first half of 2010

The government has announced that its industrial land sales programme for the first half of 2010 will have 10 sites including two on the confirmed list.

Sites on the confirmed list will be put up for tender regardless of developers’ interest.

The two on the confirmed list includes a site at Tampines Industrial Avenue 4 which was previously on the reserve list and a new site at Ubi Road 1.

The two confirmed sites have a total site area of 8.39 hectares.

The rest of the sites are on the reserve list.

These sites will be pushed out for sale only after a developer indicates his interest by committing to a minimum bid.

Only one of the sites, at Pioneer Road North, is new to the list.

The remaining seven sites will be carried over from the 2009 reserve list.

These include areas such as Woodlands Ave 12, Yishun Ave 6, Serangoon North Ave 4 and Toh Tuck Ave.

The eight sites on the reserve list have a total site area of 13.46 hectares.

The confirmed list was suspended in October last year given the uncertain market outlook then.

But given stronger demand this year, National Development Minister Mah Bow Tan in September announced that the confirmed list will be reinstated in the Government Land Sales Programme for the first half 2010.

Source : Channel NewsAsia – 30 Dec 2009