Government adds 3 industrial land sites to “reserve list”

The government will introduce three new sites in its industrial land sales programme for the second half of the year.

The Trade and Industry Ministry says this is to meet potential demand for industrial land. With the addition, there will be nine sites on the Reserve List.

The three new sites are parcels at Woodlands Avenue 12, Kaki Bukit Avenue 4 and Ubi Road 1/Ubi Avenue 4.

The nine sites on the Reserve List cover a total area of some 19 hectares.

Under the Reserve List, the government will only release a site for sale if an interested party submits an application for the site to be put up for tender with a minimum purchase price offer that is acceptable to the government.

The government will, however, continue to suspend the sale of land on its Confirmed List in the second half of 2009 due to economic uncertainties.

Source : Channel NewsAsia – 2 July 2009

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