POSTED: 16 Dec 2013 15:05 | CNA

SINGAPORE

The government has launched its Industrial Government Land Sales Programme for the first half of 2014.

There will be eight sites in the confirmed list and five sites in the reserve list, with a total site area of 20.42 hectares.

In a media release on Monday, the Ministry of Trade and Industry said the proposed land quantum for the first half 2014 reflects the government’s continued efforts to release sufficient land to moderate industrial land prices and to provide adequate industrial space for industrialists.

JTC, the main government agency overseeing the industrial property market, will take over the land sales agent role from URA for all new state land parcels launched under the programme, with effect from next year.

But the URA will remain the land sales agent for two sites at Woodlands Avenue 12 and Gambas Crescent.

– CNA/al

http://www.channelnewsasia.com/news/business/singapore/industrial-govt-land/924200.html