6 sites released under Government Industrial Land Sales Programme

The Ministry of Trade and Industry on Tuesday released six sites under the Government Industrial Land Sales Programme to meet continued demand for industrial land for the first half of this year.

Of the six, two sites zoned for business use totalling 3.3 hectares are on the Confirmed List.

They are at Tampines Street 92 and Kaki Bukit Road 3.

Details for the Tampines site are expected to be released next month, while those of the Kaki Bukit site are expected to come out this June.

The other four sites include two new ones at Yishun Ave 6 and Commonwealth Drive near Commonwealth Lane.They are in addition to two more sites on the Reserve List located at Sin Ming Lane and Pioneer Road-Tuas Ave 11, which were also on the Reserve List last year.

Under the Reserve List, the government will only release a site for sale if an interested party commits to tender for the site at a minimum price that is acceptable.

All the sites have 30-year tenures.

Source: Channel NewsAsia, 30 January 2007 

Join The Discussion

Compare listings