MTI increases industrial land supply for 2H17

Around 13.90 ha will be released.

The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales (IGLS) programme for 2H 2017. There will be 8 sites in the Confirmed List and 6 sites on the Reserve List, with a total site area of 13.90 ha.

There are some changes made in IGLS conditions, MTI said. To recall, it introduced a set of minimum building specification requirements on IGLS land, to ensure that the developments built on the land are able to meet the needs of industrialists. Examples include the provision of a minimum number of goods lifts and loading bays.

Starting from the 2H 2017 IGLS programme, these requirements will be
waived for small IGLS plots. Small plots are typically below 1.0 ha and are meant for end-users to build land-based developments for their own operations. With the waiver, end-users will have more flexibility to customise their developments to suit their operations.

"To ensure that such plots continue to be used primarily for end-users’ own operations, successful tenderers (or subsequent owners) will not be allowed to strata subdivide the developments for sale to other companies for the full tenure. Currently, strata subdivision is prohibited for five years from the award of the Temporary Occupation Permit," MTI said.

The minimum building specification requirements will continue to apply to the larger IGLS plots, which are meant for developers to build multiple-user factories to serve the needs of industrialists.