The plots, with total area of 19.92 ha, will be sold on 30, 45 or 60-year leases
THE Ministry of Trade and Industry (MTI) is offering 10 industrial plots for sale under the second-half 2010 industrial government land sales programme.
The plots, with a total land area of 19.92 ha, comprise three sites on the confirmed list and seven on the reserve list.
Five of the 10 sites are new - a 4.65 ha plot at Yishun Street 23/Yishun Avenue 9 on the confirmed list and plots at Woodlands Avenue 12, Tuas View Square, Kaki Bukit Road 4 and Ang Mo Kio Street 62 on the reserve list. The rest are being rolled over from the H1 2010 reserve list.
The government will sell all the plots on leases of 30, 45 or 60 years.
Colliers International director (industrial) Tan Boon Leong noted that all three plots on the confirmed list are zoned Business 2 use. 'This will cater to strong demand for such sites as seen in the high number of bids for B2 land parcels last year.'
Sites zoned Business 2 can be put to a wider range of industrial use whereas Business 1 land is for clean and light use only.
Mr Tan highlighted the new reserve list plot at Tuas View Square as being relatively small for an industrial plot at just 0.44 ha and the Ang Mo Kio Street 62 site as the first plot the government has offered in Ang Mo Kio through its industrial land sales programme.
He also reckons that industrial land bids are likely to moderate in the second half of this year given the spread of sites that the government is offering.
Sites on the confirmed list are launched for tender according to a schedule. Reserve list sites are released only upon application by bidders.
In the first half of this year, the government also offered 10 industrial sites - two on the confirmed list and eight on the reserve list. Three of the reserve list sites were sold; they are located at Woodlands Avenue 12 and Yishun Avenue 6 (parcels 1 and 8).
The remaining five reserve sites have been rolled over to the H2 slate - two in the confirmed list and three in the reserve list.
Source: Business Times, 30 Jun 2010