Government releases 10 industrial sites for sale

The Ministry of Trade and Industry (MTI) on Monday (Dec 28) launched 10 sites for sale under the Industrial Government Land Sales (IGLS) Programme for the first half of 2016.

In a media release, MTI said there will be six sites in the Confirmed List and four sites in the Reserve List, with a total site area of 12.24 ha.

This is fewer than the 10 sites on the Confirmed List of the IGLS Programme in the second half of 2015.

Three of the sites on the Confirmed List will be located in Tampines, one in Woodlands, and two in Tuas South.

CONFIRMED LIST OF INDUSTRIAL SITES FOR H1, 2016

RESERVE LIST OF INDUSTRIAL SITES FOR H2, 2015

The Government will release a site on the Reserve List for sale if an interested party submits an application for the site to be put up for tender with a minimum purchase price that is acceptable to the Government. It could also be put up for sale if there is sufficient market interest, where more than one unrelated party submits minimum prices that are close to the Government’s Reserve Price for the site within a “reasonable period”, said MTI.

Parties who are interested in sites on the Reserve List can apply to JTC, the sales agent, for the sites to be put up for tender.

Source : Channel NewsAsia – 28 Dec 2015

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